World Perspectives
feed-grains

WASDE Corn – June 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies to create higher ending stocks. The corn crop is projected at 15.8 billion bushels, up 6 percent from a year ago due to increases in both area and yield. Planted area is estimated to be 95.3 million acres and yield is projected to average 181.0 bushels per acre.  U.S. corn used in ethanol is unchanged from a year ago at 5.5 billion bushels. Feed and residual use is increased to 5.9 billion bushels on larger supplies and lower prices. U.S. corn exports for 2025/26 are forecast up from a year ago to 2.7 billion bushels. The United States is projected to be the world’s largest corn exporter – but it is expected to have a slight decline in global market share due...

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feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

Forlorn or Failure; Fertile or Futile; AI Impacts; Dirty Dozen Disinformation

Forlorn or Failure The spin from the WTO on the organization’s recent MC14 meetings was that a lot of decisions were adopted, progress was made, and while the event “ran out of time,” new commitments on outstanding issues can still be made in Geneva. Director-General Ngozi Oko...

feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

Forlorn or Failure; Fertile or Futile; AI Impacts; Dirty Dozen Disinformation

Forlorn or Failure The spin from the WTO on the organization’s recent MC14 meetings was that a lot of decisions were adopted, progress was made, and while the event “ran out of time,” new commitments on outstanding issues can still be made in Geneva. Director-General Ngozi Oko...

feed-grains soy-oilseeds wheat

Prospective Planting and Quarterly Stocks Reports Preview

The 2026 USDA Prospective Plantings Report is scheduled for release tomorrow. The report surveys farmer planting intentions for major crops, including corn, soybeans, and wheat. It also asks about 2025 planted and prevent-plant acres. This report gives the first real snapshot of what planted ac...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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