Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the cou...
Articles
Fertilizer’s Bullish Outlook for 2027
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material con...
WPI Crop Progress and Conditions App (Updated 17 August)
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly rep...
Mercosur Regional Analysis
Corn Argentina Argentina’s corn harvest progress has fallen further behind the normal pace, with the latest estimate showing more than 15 percentage...
Summary of Futures
Dec 26 Corn closed at $4.8325/bushel, up $0.1125 from yesterday's close. Sep 26 Wheat closed at $6.7475/bushel, up $0.22 from yesterday's close. ...
Market Commentary: Russia Resists Black Sea Truce, Cattle Processing Consolidating Further
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could...
Beef Capacity Disappearing
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shutte...
Inflation: Mixed Bag with CPI on Target and PPI Down and Iran War Hovering
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose...
Agricultural Precision Technology: A Look Back and Forward
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The d...
Summary of Futures
Dec 26 Corn closed at $4.72/bushel, down $0.0875 from yesterday's close. Sep 26 Wheat closed at $6.5275/bushel, up $0 from yesterday's close. N...
Market Commentary: Potential Black Sea Deal Could Reshape Global Grain Outlook
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent inc...
A Trade Case
Key Takeaways: The U.S. sheep industry is contracting. Lamb output and producer participation have declined sharply. Imports now account for most U.S. lam...
Livestock Roundup: Livestock WASDE
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies...
FOB Prices and Freight Rates App (Updated 13 August)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a conc...
Transportation Perspectives - 13 August
Key Takeaways: Dry bulk freight markets are higher this week as activity in Asia and off the ECSA picks up. President Trump extended the Jones Act w...
Summary of Futures
Dec 26 Corn closed at $4.8075/bushel, up $0.2025 from yesterday's close. Sep 26 Wheat closed at $6.5275/bushel, up $0.225 from yesterday's close.&nbs...
Market Commentary: From Headlines to Hard Numbers
Macro: Relief Meets Reality July’s CPI report matched expectations. Headline inflation eased to 3.4 percent year over year, while core inflation decl...
Black Sea and EU Export Discussion
One of the curious developments from the August WASDE was USDA’s handling of the European, Russian, and Ukrainian corn and wheat balance sheets. The...
Implications of the Lower-than-Expected August WASDE Yields and Added Acreage
Key Takeaways: Corn yield came in below expectations at 180.7 bushels per acre, validating WPI’s view that last year’s exceptional yield may h...
AP Quant: WASDE Vegoils
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive comp...
AP Quant: WASDE Wheat
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive comp...
AP Quant: WASDE Soybeans
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive comp...
AP Quant: WASDE Corn
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive comp...
WASDE Soybeans - August 2026
USDA’s August WASDE outlook for 2026/27 U.S. soybeans is for a modest increase in the U.S. ending stocks by 10 million bushels to 320 million. There...