World Perspectives
wheat

Wheat’s New Story

Here is an interesting riddle: With USDA likely to increase its already record large 2020/21 world wheat production estimate a few MMT in Friday’s October WASDE, why is it that the spot CME December 2020 Wheat (SRW) contract is trading at the highest level for a spot CME wheat contract in more than five years?  For the last five years or so we have gotten used to mostly placid, dull wheat markets – both futures and cash. Markets were burdened by surplus supplies, and volatility was usually quite low as was futures trading volume. World wheat production has steadily risen and should be near 770 MMT in Friday’s October WASDE. Ending 2020/21 world wheat stocks are estimated near 320 MMT which would be 41 percent of annu...

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feed-grains soy-oilseeds wheat

Market Commentary: The Tempo not the Quantum

Everyone knows the volume traded this week will be lower, but there is no break in the directional adjustments. The corn market still had to continue its march higher, worries about wheat supplies moving out of Ukraine and even volume was not totally lower with soymeal and lean hog trading keep...

livestock

Quarterly Hogs and Pigs Report

USDA released its quarterly Hogs and Pigs report today. The inventory of all hogs and pigs on 1 December was 75.5 million head, up 1 percent from December 2024, and up slightly from 1 September 2025.  Breeding inventory, at 5.95 million head, was down 1 percent from last year and up sligh...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.475/bushel, up $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.17/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.515/bushel, down $0.0175 from yesterday's close.  Mar 26 Soymeal closed at $304.2/short ton, up $2.3 from...

feed-grains soy-oilseeds wheat

Market Commentary: The Tempo not the Quantum

Everyone knows the volume traded this week will be lower, but there is no break in the directional adjustments. The corn market still had to continue its march higher, worries about wheat supplies moving out of Ukraine and even volume was not totally lower with soymeal and lean hog trading keep...

livestock

Quarterly Hogs and Pigs Report

USDA released its quarterly Hogs and Pigs report today. The inventory of all hogs and pigs on 1 December was 75.5 million head, up 1 percent from December 2024, and up slightly from 1 September 2025.  Breeding inventory, at 5.95 million head, was down 1 percent from last year and up sligh...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.475/bushel, up $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.17/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.515/bushel, down $0.0175 from yesterday's close.  Mar 26 Soymeal closed at $304.2/short ton, up $2.3 from...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Russia’s latest attacks on Ukraine’s Odesa Black Sea port infrastructure on 23 December reportedly damaged a vessel carrying Ukrainian soybeans.   The EU Commission raised its forecast of EU common wheat production to 134.4 MMT for 2025/26 and bumped th...

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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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