Inflation pressure has added tailwinds for the chicken sector. Food service operators have experienced lower traffic and have therefore resorted to promoti...
Articles
WPI Grain Transportation Report
Dry bulk markets were quiet and mostly flat last week. Spot rates softened a little bit as vessel owners threw in the towel on waiting for improved demand...
Market Commentary: Beans for Chips, De-escalation Volatility
It was sell the rumor buy the fact in a Topsy-Turvey 24 hours of trading on what happened in South Korea between the world’s two top leaders. Preside...
Livestock Roundup: China and U.S. Trade Deal, Red Meat Terms Unknown
The biggest news today was the announcement that China will purchase 25 MMT of soybeans per year for the next three years and 12 MMT of soybeans this year...
Summary of Futures
Dec 25 Corn closed at $4.3025/bushel, down $0.0375 from yesterday's close. Dec 25 Wheat closed at $5.2425/bushel, down $0.08 from yesterday's close.&...
Will China’s Purchase Agreement Move the Soybean Balance Sheet?
Thursday’s meeting between U.S. President Trump and China’s President Xi was apparently successful, based on the comments coming out of the Whi...
Summary of Futures
Dec 25 Corn closed at $4.34/bushel, up $0.02 from yesterday's close. Dec 25 Wheat closed at $5.3225/bushel, up $0.0325 from yesterday's close. ...
Market Commentary: Grains Consolidate while Soymeal Runs Higher and Cattle Firm
The lingering effects of trade agreements and now-confirmed export rumors were the primary drivers of the CBOT’s action on Wednesday. Tuesday’s...
No Political Hack; Goals versus the Market; Technicalities
No Political Hack The U.S. Senate Finance Committee held a hearing on the nomination of Dr. Julie Callahan to become the U.S. agricultural trade ambassador...
Black Sea Regional Analysis
Russian Grains Market: 20–24 October 2025 The Russian grains market remained relatively stable with divergent regional trends. European Russia exhibi...
Market Commentary: Grains Extend Trade-Deal Rally; Cattle Pullback Continues
The CBOT saw continued support and speculative buying from hopes for the upcoming U.S.-China Presidential meeting in South Korea on Thursday and from the r...
Summary of Futures
Dec 25 Corn closed at $4.32/bushel, up $0.0325 from yesterday's close. Dec 25 Wheat closed at $5.29/bushel, up $0.03 from yesterday's close. Ja...
Missed Opportunity; Bad Beef Math
Missed Opportunity President Trump shut down trade negotiations and said he would add 10 percent more tariffs on Canadian goods in retaliation for a pro-fr...
Trump Tariffs: Preliminary Success in Asia
The Trump tariff plans are still unfolding with almost daily changes. However, on a positive note, the latest news is that China and the U.S. have reached...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is reportedly late in payment on a number of Ukraine wheat vessels – six that...
Livestock Industry Margins
Beef packer margins snapped a six-week string of losses and gained $73/head last week due to gains in beef prices and weaker fed cattle prices. Margis were...
Market Commentary: Soybeans Surge on China Framework, Trade Deals; Cattle Bull Market Is Over
Trade agreements were the story of the day as the U.S. reached deals with Malaysia, Cambodia, Thailand, and Vietnam and a framework for a U.S.-China agreem...
Summary of Futures
Dec 25 Corn closed at $4.2875/bushel, up $0.055 from yesterday's close. Dec 25 Wheat closed at $5.26/bushel, up $0.135 from yesterday's close. ...
Minority Supplier; Trade “Agreements”
Minority Supplier Following negotiations with his Chinese counterparts over the weekend, U.S. Treasury Secretary Scott Bessent said he expects China to rev...
Mercosur Regional Analysis
Wheat The wheat harvest is gaining momentum in northern Argentina, with yields exceeding expectations. In the northwest, yields range from 0.8–1.5 MT...
Milei Wins Argentina Election in a Landslide and U.S. Inflation
Yesterday, Argentina held mid-term Congressional elections, with half of the lower House Chamber of Deputies and one-third of the Senate up for election. T...
Daily Estimate of Managed Money Positioning in Ag Futures
Amid the ongoing U.S. government shutdown, WPI presents the following estimates of managed money traders’ positioning in key agricultural futures mar...
Market Commentary: Some Weekend Pullbacks but Nothing Scary
It was a pause and reflect day for some contracts, and more getting beat down for the cattle market. The latter invoking more limit-down safeguards. There...
Summary of Futures
Dec 25 Corn closed at $4.2325/bushel, down $0.0475 from yesterday's close. Dec 25 Wheat closed at $5.125/bushel, down $0.005 from yesterday's close.&...