The Federal Reserve’s Federal Open Market Committee (FOMC) will meet on Tuesday and Wednesday of this week with the make-up of the committee still up...
Articles
Summary of Futures
Dec 25 Corn closed at $4.2325/bushel, down $0.0675 from yesterday's close. Dec 25 Wheat closed at $5.25/bushel, up $0.015 from yesterday's close.&nbs...
Chemo-phobia on Steroids
Notably, Congressional Republicans followed the demands of farm groups and added a provision in the latest government funding bill that some say would shie...
Mercosur Regional Analysis
Corn Argentina’s 2024/25 corn harvest is virtually complete, with only isolated fields still being collected. Final output is expected to excee...
European Market Analysis
Milling Wheat Global wheat futures all hit new contract lows last week with strong Russian exports (at cheaper prices), larger global production esti...
CFTC COT Report Analysis
Friday’s CFTC report showed managed money traders embarking on a second straight week of net short selling across the ag space as they slightly expan...
Market Commentary: USDA Surprises; Market Marches Its Own Beat
While there was some red flashing early in today’s trading session, by the close all major grain and oilseed contracts were in the green. Ahead of US...
WASDE Soybeans - Sep 2025
Soybeans – USDA’s Sep 2025 outlook is for higher U.S. ending stocks to 300 million bushels, up 10 million from last month. The U.S. seasonal av...
WASDE Corn - Sep 2025
Corn – USDA’s Sep 2025 outlook is for greater supplies, larger exports, and a slight reduction in ending stocks by 7 million bushels to 2.1 bil...
WASDE Wheat - Sep 2025
Wheat - USDA’s Sep 2025 outlook is for U.S. total wheat exports to increase by 25 million bushels to 900 million. That reduced ending stocks by 25 mi...
Summary of Futures
Dec 25 Corn closed at $4.3/bushel, up $0.1025 from yesterday's close. Dec 25 Wheat closed at $5.235/bushel, up $0.02 from yesterday's close. No...
WASDE Livestock: More Poultry and Less Red Meat
Despite record high yields from corn and soybeans in today’s WASDE, the forecast for red meat and broiler production in 2025 was reduced slightly fro...
USDA’s Outlook for World Vegoils
The headline figures from the September WASDE were the U.S. corn and soybean yield and production figures, both of which were in line with expectations, an...
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...
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...
WPI Grain Transportation Report
Dry bulk freight markets rallied this week buyers extending coverage ahead of China’s Golden Week festival in 1-8 October. The rally came partly from...
Market Commentary: Calm, Confident, But Correct?
The trading before a major WASDE report always entails differing vibes. It is more volatile when there is wide variance in expectations, and more subdued w...
Summary of Futures
Dec 25 Corn closed at $4.1975/bushel, up $0.0275 from yesterday's close. Dec 25 Wheat closed at $5.215/bushel, up $0.065 from yesterday's close. ...
Livestock Roundup: Inflation Is Up
The CPI released this morning showed that August prices increased 0.4 percent and 2.9 percent over the last 12 months. For food at home, the index rose to...
China’s Beef Outlook Amid a Shrinking Middle Class
Recently, the USDA FAS lowered its forecast for China’s 2025 beef consumption based on higher prices and the Middle Kingdom’s slowing economy...
Remembering 9-11
Twenty-four years ago, on September 11, 2001, the U.S. experienced one of the most tragic and influential days in the nation’s history. The events of...
Market Commentary: Calm for the Day but Geopolitics Hint at Looming Volatility
The CBOT was solidly in the red on Wednesday while cattle futures regained some of their former strength. Markets had to process multiple headlines at the...
Wheat from the Chaff; Europe Gets Squeezed
Wheat from the Chaff An agricultural meeting in Arkansas last week drew 400 to 500 farmers, a much larger group than expected at harvest time. They vented...
Summary of Futures
Dec 25 Corn closed at $4.17/bushel, down $0.0275 from yesterday's close. Dec 25 Wheat closed at $5.15/bushel, down $0.0525 from yesterday's close.&nb...
Black Sea Regional Analysis
Russian Grains Market: 1–5 September 2025 Bearish sentiments prevailed across both the European and Asian parts of Russia. The market is under pressu...
European Market Analysis
Regional News The U.S. is not the only country suffering from tight cattle supplies and rising beef values, as the EU is battling the same problem. A...
Market Commentary: A Tale of Two Markets: Grains Consolidate While Cattle Correction Accelerates
Note: WPI’s data supplier for futures pricing and data experienced a significant outage on Tuesday, 9 September. All prices/quotes in this article ar...
Summary of Futures
Dec 25 Corn closed at $4.1975/bushel, down $0.02 from yesterday's close. Dec 25 Wheat closed at $5.2025/bushel, down $0.035 from yesterday's close.&n...
EV’s, Pork, and Trade
Last Friday China announced it would impose temporary anti-dumping duties on pork imports from the EU. China's commerce ministry said that...
Venting Hypocrisy; Xi – Trump Meeting; Say Cheese Please
Venting Hypocrisy At a BRICS meeting this past weekend, Brazilian President Luiz Inacio Lula da Silva characterized President Trump’s use of tariffs...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan flooding reportedly damaged as much as 30 percent of wheat stocks in some areas,...
Livestock Industry Margins
Beef packer margins improved for the fifth straight week and added about $68/head in profits to put returns to processing back in a very healthy range. Mar...
Summary of Futures
Dec 25 Corn closed at $4.2175/bushel, up $0.0375 from yesterday's close. Dec 25 Wheat closed at $5.2375/bushel, up $0.045 from yesterday's close.&nbs...
Market Commentary: Technical Momentum Shifts at Odds with Fundamentals
The CBOT was mostly higher to start the week with technical factors driving short covering and some cautious fresh long buying. There wasn’t much fro...
USG Closure; Ag Gets Special Treatment; Policy Shorts
USG Closure Congressional Democrats are debating whether they should force the U.S. government into closure at the end of this month when the budget (conti...