World Perspectives
wheat

WASDE Wheat

USDA’s February estimate is for a slight increase in U.S. wheat ending stocks by 10 million bushels to 658 million for 2023/24. That is because food use is reduced 10 million bushels to 960 million, on lower wheat flour grinding - as indicated in the NASS Flour Milling Products report released on February 1. U.S. wheat exports are unchanged at 725 million bushels. The 2023/24 season-average farm price forecast is unchanged at $7.20 per bushel. The global wheat outlook for 2023/24 is for lower ending stocks by 0.7 million tons to 259.4 million, the lowest level since 2015/16...

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Market Commentary: Good Weather Trumps Demand

Markets opened today pretty much where they ended in the overnight and pretty much stayed that way all day, which is to say in the red. And it did so pretty much across the board on lower volume. There was just not any real change in the story of impending big U.S. crops arriving on top of big...

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Bullish Cattle Inventory and Cattle on Feed Reports

USDA released two key reports on the cattle market today, the Cattle on Feed report and the July Cattle Inventory report.  The Cattle Inventory report was suspended last year, so this is the first look at the cattle herd since 2023.  The nation’s cattle herd, as of 1 July, is 94...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.19/bushel, down $0.0175 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.0325 from yesterday's close.  Nov 25 Soybeans closed at $10.21/bushel, down $0.0325 from yesterday's close.  Dec 25 Soymeal closed at $281.6/short ton, down $1...

feed-grains soy-oilseeds wheat

Market Commentary: Good Weather Trumps Demand

Markets opened today pretty much where they ended in the overnight and pretty much stayed that way all day, which is to say in the red. And it did so pretty much across the board on lower volume. There was just not any real change in the story of impending big U.S. crops arriving on top of big...

livestock

Bullish Cattle Inventory and Cattle on Feed Reports

USDA released two key reports on the cattle market today, the Cattle on Feed report and the July Cattle Inventory report.  The Cattle Inventory report was suspended last year, so this is the first look at the cattle herd since 2023.  The nation’s cattle herd, as of 1 July, is 94...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.19/bushel, down $0.0175 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.0325 from yesterday's close.  Nov 25 Soybeans closed at $10.21/bushel, down $0.0325 from yesterday's close.  Dec 25 Soymeal closed at $281.6/short ton, down $1...

livestock

Cattle on Feed for July 1, 2025

U.S. Cattle on Feed is down 2 percent annually at 11.1 million head on July 1, 2025.  Placements in June totaled 1.44 million head, 8 percent below 2024. Marketings in June totaled 1.71 million head, 4 percent below 2024.  Other disappearance in June totaled 53,000 head, 7 percent bel...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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