World Perspectives
soy-oilseeds

WASDE Soybeans

USDA Notes: Soybean production for 2019/20 is projected at 3.845 billion bushels, down 305 million based on lower planted and harvested area in the June 28 Acreage report and on lower projected yields.  Harvested area, forecast at 79.3 million acres, is down 4.5 million from last month.  With planting progress significantly behind in many states, USDA’s National Agricultural Statistics Service (NASS) will collect updated information on 2019 area planted, and if the newly collected information justifies changes, updated acreage estimates will be published by NASS in the August Crop Production report.  The soybean yield is forecast at 48.5 bushels per acre, down 1 bushel based on delayed planting progress throughout the m...

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feed-grains soy-oilseeds wheat

Market Commentary: Weather Overrides Trade Deal; Cattle Hit New Highs on Tight Inventories

The big news for Monday’s ag market trade wasn’t the U.S.-EU trade deal, but rather continued favorable weather in the U.S. Midwest that will boost corn and soybean yield potential to record or near-record levels. The weather has private analysts boosting yield expectations by sever...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 28 July)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.14/bushel, down $0.05 from yesterday's close.  Sep 25 Wheat closed at $5.385/bushel, up $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $10.115/bushel, down $0.095 from yesterday's close.  Dec 25 Soymeal closed at $279.3/short ton, down $2.3 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Overrides Trade Deal; Cattle Hit New Highs on Tight Inventories

The big news for Monday’s ag market trade wasn’t the U.S.-EU trade deal, but rather continued favorable weather in the U.S. Midwest that will boost corn and soybean yield potential to record or near-record levels. The weather has private analysts boosting yield expectations by sever...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 28 July)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.14/bushel, down $0.05 from yesterday's close.  Sep 25 Wheat closed at $5.385/bushel, up $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $10.115/bushel, down $0.095 from yesterday's close.  Dec 25 Soymeal closed at $279.3/short ton, down $2.3 fr...

Humiliating; Keep Your Enemies Close; Contradicting

Humiliating U.S. trade talks with China this week are not expected to net anything more than an extension of the current standoff, which means nothing for U.S. soybean exporters. Meanwhile, the trade agreement yesterday between President Trump and EU President Ursua von der Leyen offers up many...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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