Beef packer margins weakened further, with estimated net losses widening to -$233/head. While boxed beef values continued to firm, gains were outpaced by h...
Articles
Black Sea Regional Analysis
Russian Grain Markets: 26–30 January 2026 The Russian grains market remains volatile, with bearish sentiment prevailing on the RUB export trade platf...
Market Commentary: Soybeans Surge as Trumps Says China in for Another 8 MMT
There are days in the commodity markets when it feels like nothing is happening in any market, and then there are days when it feels like everything is hap...
European Market Analysis
Milling Wheat Large supplies and strong exports of wheat from the Black Sea and Russia continue to cap upside potential for wheat. U.S. and EU market...
Disingenuous Ag Letter
Leaders of the U.S. House and Senate Agriculture Committees received a letter (See Attached) yesterday from more than two dozen “former” privat...
Summary of Futures
Mar 26 Corn closed at $4.295/bushel, up $0.01 from yesterday's close. Mar 26 Wheat closed at $5.2675/bushel, down $0.02 from yesterday's close. ...
FOB Prices and Freight Rates App (Updated 4 February)
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...
Market Commentary: Soyoil Rallies on Stocks, Tax Credits; Livestock Futures Gain on Cash Trade
Soyoil was the upside leader in the CBOT’s Tuesday trade after the USDA’s December soyoil stocks figure came in well below expectations. Additi...
China Market Analysis
No. 1 Central Document China has released its No. 1 document for 2026, which calls for strengthening the country’s agriculture sector and rural linka...
Policy Quick Hits
Appropriations. Last Friday, the Senate passed an amended appropriations bill for the remaining FY26 funding shortfall. The measure included a two-week con...
Summary of Futures
Mar 26 Corn closed at $4.285/bushel, up $0.0275 from yesterday's close. Mar 26 Wheat closed at $5.2875/bushel, up $0.01 from yesterday's close. ...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Israel will raise import tariffs on wheat from Russia and Ukraine under a new tariff agree...
Market Commentary: Grains Fall on Weather, Strong Dollar; Cattle Surge on Inventory Numbers
The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of Febr...
India’s Catbird Seat; Targeting Cuba; Good and Bad GMOs
India’s Catbird Seat China is a state-run economy with formidable output, utilizing abundant, lower-cost labor. India is a democracy with a massive l...
Summary of Futures
Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close. Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close...
Meat Producer Price Index
Wholesale meat prices fell across the board in December, seasonally adjusted, according to Producer Price Index (PPI) data released Friday by the Bureau of...
Mercosur Regional Analysis
South America Weather Overview Argentina received some rainfall this week, but precipitation was concentrated in the northeast and western regions, with ac...
CFTC COT Report Analysis
Friday’s CFTC report showed funds building their net long position across the major ag futures contracts for the second straight week. Funds added 10...
Summary of Futures
Mar 26 Corn closed at $4.2825/bushel, down $0.025 from yesterday's close. Mar 26 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.&nb...
Market Commentary: Get Out of Dodge Friday
Although the week was mixed, there was a convincing move lower on Friday. The mood spelled exit as all the major agricultural contracts closed lower. Even...
Livestock Round Up: Cattle Inventory Report
USDA’s semi-annual cattle report was issued today. The inventory of all cattle and calves in the U.S. as of 1 January was 86,155,300 head, slightly b...
Cracking the Egg Price Mystery
Egg prices have been through a volatile 18 months, rallying sharply in LH 2024 and into early 2025 as bird flu decimated the U.S. layer flock. In early 202...
Export Sales
Export Sales and Shipments for January 16-22, 2026 Wheat: Net sales of 558,200 metric tons (MT) for 2025/2026 were down 10 percent from the previous...
Market Commentary: Weather Impacts as Commodities Move Their Own Way
Markets traded higher overnight and opened that way this morning, but the soy complex quickly gave way. Weather threatens shipments down the Mississippi, y...