Growth in retail sales lost some momentum in September, capping off what otherwise had been a solid quarter of spending for U.S. consumers. Looking at the...
Articles
European Market Analysis
Regional News Farmer selling of grains remains limited across most of Europe as low prices and the looming holidays have producers focused on other t...
CFTC COT Report Analysis
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...
Market Commentary: Low Volume But Solid Intentions
The CME and traders recovered from a data center problem that halted overnight trading but it was the holiday interrupted week that sent trading volumes sh...
Sow and Cattle Slaughter Dynamics
HOGS The USDA is releasing weekly slaughter data that was unavailable through the government shutdown. On average, through mid-November, sow slaughter has...
Summary of Futures
Mar 26 Corn closed at $4.4775/bushel, up $0.025 from yesterday's close. Mar 26 Wheat closed at $5.385/bushel, down $0.02 from yesterday's close. ...
Outlook for Cow Numbers Remains Limited
This year’s volatility in beef and cattle prices – particularly in the past two months – has heightened the industry’s interest in...
WPI Grain Transportation Report
Dry-bulk markets are firmer this week with the Capesize sector again leading the rally. Capesize rates saw support from stronger volumes from East Australi...
Thanksgiving Holiday
U.S. financial markets are closed for the U.S. Thanksgiving holiday on Thursday, 27 November. Consequently, WPI’s offices will be closed as well and...
Market Commentary: Broadly Bullish
The CBOT was higher heading into the U.S. Thanksgiving holiday with investors across the board seeming to find optimism amid a relatively quiet news day. F...
Banty Rooster; Affordability Writ Large
Banty Rooster The EU is largely being ignored in the negotiations with Russia and Ukraine over a peace deal but that didn’t stop High Representative...
Summary of Futures
Mar 26 Corn closed at $4.4525/bushel, up $0.07 from yesterday's close. Mar 26 Wheat closed at $5.405/bushel, up $0.0125 from yesterday's close. ...
Black Sea Regional Analysis
Russian Grain Markets: 17–21 November 2025 The grain market remained stable. A strong ruble limited domestic price growth despite slight appreciation...
Cattle on Feed for Nov 1, 2025
U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.7 million head on November 1, 2025. The inventory was 2 percent below Novemb...
Market Commentary: Taking Back Yesterday’s Losses
The CBOT was mostly higher on Tuesday with rumors of Chinese soybean buying and strong performance in equity markets boosting trader sentiment. Tuesday&rsq...
Summary of Futures
Dec 25 Corn closed at $4.235/bushel, down $0.0025 from yesterday's close. Mar 26 Wheat closed at $5.3925/bushel, up $0.045 from yesterday's close.&nb...
Cattle on Feed Report Shows Record Low Placements for October
USDA’s monthly Cattle on Feed report was released on Friday. Total cattle on feed amounted to 11.7 million head, 98 percent of last year.  ...
No Steel for IT; Reformulate; Thanksgiving
No Steel for IT U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer were in Europe suggesting the U.S. would relax restrict...
China Update
Geopolitics China's reaction to Japanese Prime Minister Sanae Takaichi's recent remarks on a potential Taiwan crisis has been disproportionately harsh and...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran remains the largest importer of Brazil maize at about 6.1 MMT followed by Egypt at ab...
Livestock Industry Margins
Beef packer margins rose for a third consecutive week, climbing $52/head to $115 and hitting the strongest profitability since mid-2023. The gain came amid...
Market Commentary: Grains Fade in Pre-Holiday Trade; Cattle Limit-Down on Plant Closure
The CBOT saw muted and mostly lower trade to open the week of the U.S. Thanksgiving holiday. The day’s trade was predominantly weaker as technical fa...
COP Out, G20 In; Evolution of Big
COP Out; G20 In There were two international meetings in the past few days with similar consequences. The first was the COP30 climate change conference in...
WPI Crop Progress and Conditions App (Updated 24 November)
Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly r...