Beef packer margins deteriorated to -$184/head last week, down $84 from the prior week as sharply higher fed cattle prices outpaced a modest rebound in the...
Articles
Summary of Futures
Jul 26 Corn closed at $4.685/bushel, down $0.115 from yesterday's close. Jul 26 Wheat closed at $6.1725/bushel, down $0.105 from yesterday's close.&n...
Black Sea Regional Analysis
Russian Grain Markets: 27 April - 1 May 2026 The Russian grains market remained volatile but predominantly bullish during the week in review. However, rubl...
Market Commentary: Grains Ease on Profit Taking but Bullish Fundamentals Remain
What You Need to Know Today: U.S. naval escorts through the Strait of Hormuz and renewed Iranian attacks on vessels and UAE infrastructure are sustaining...
House MAHA Hearing on State Laws in Energy and Commerce Committee
The House Energy and Commerce Subcommittee on Health held a hearing on legislative proposals concerning food regulation and oversight. The hearing was focu...
Summary of Futures
Jul 26 Corn closed at $4.8/bushel, down $0.0575 from yesterday's close. Jul 26 Wheat closed at $6.2775/bushel, down $0.1325 from yesterday's close.&n...
China Market Analysis
Decline of China Ag Import Market The media has focused on China’s self-sufficiency effort in agriculture and its implications. In a largely politica...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt and Algeria, in addition to Israel, are being monitored by Ukraine as possible desti...
Market Commentary: Weather and Biofuels Drive CBOT Strength as Geopolitical Risk Builds
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical...
Ag and Trade Paradigm Shifts
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away fro...
E15 Plans: House Vote and Addition to Farm Bill Package for Senate
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas)...
Summary of Futures
Jul 26 Corn closed at $4.8575/bushel, up $0.055 from yesterday's close. Jul 26 Wheat closed at $6.41/bushel, up $0.0325 from yesterday's close. ...
Mercosur Regional Analysis
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind su...
Market Commentary: Mixed End to a Higher Week
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the stre...
GDP at Modest 2 Percent Growth
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent gr...
Per Capita, What Do You Eat?
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and...
Summary of Futures
Jul 26 Corn closed at $4.8025/bushel, up $0.055 from yesterday's close. Jul 26 Wheat closed at $6.3775/bushel, up $0.01 from yesterday's close. ...
U.S. and Global Soy Crush Forecasts
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporat...
Market Commentary: Inflation Climbs, Crude Hesitates, Grains Reset
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures in...
Livestock Round Up: Farm Bill Includes Prop 12 Fix
An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit C...
Transportation Perspectives - 30 April
WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and an...
Summary of Futures
Jul 26 Corn closed at $4.7475/bushel, down $0.03 from yesterday's close. Jul 26 Wheat closed at $6.3675/bushel, down $0.1625 from yesterday's close.&...
Market Commentary: Biofuel Demand and Weather Risks Support Ag Markets Despite Fed Pause
What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk pre...
Summary of Futures
Jul 26 Corn closed at $4.7775/bushel, up $0.0225 from yesterday's close. Jul 26 Wheat closed at $6.53/bushel, down $0.0475 from yesterday's close.&nb...
Black Sea Regional Analysis
Russian Grain Markets: 20-24 April 2026 During the week in review, the Russian grains market remained volatile with a broadly bullish undertone. However, i...
Market Commentary: Wheat, Corn Score New Highs on Weather, Fund Buying
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resista...
House Ag Appropriations Bill: Moving to Full Committee This Week
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, wh...
China Market Analysis
The overarching concern for China is that the rising cost of energy will reduce global trade demand at the same time that countries are becoming more prote...
Summary of Futures
Jul 26 Corn closed at $4.755/bushel, up $0.0625 from yesterday's close. Jul 26 Wheat closed at $6.5775/bushel, up $0.28 from yesterday's close. ...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat...
Livestock Industry Margins
Beef packer margins improved to -$100/head last week, up $28 from the prior week as the Choice cutout stabilized following its brief post-Easter decline wh...
CFTC COT Report Analysis
Friday’s CFTC report showed funds adding to net long position across the major ag futures contracts after a two week break as deteriorating negotiati...
Summary of Futures
Jul 26 Corn closed at $4.6925/bushel, up $0.0575 from yesterday's close. Jul 26 Wheat closed at $6.2975/bushel, up $0.13 from yesterday's close. ...
Market Commentary: Grain Markets’ Two Key Factors Increasingly Bullish
The big picture for commodity markets is that imperfect weather and the lack of a peace deal in the Middle East are mandating that traders keep risk premia...
Farm Bill on Thursday
The House will vote on the farm bill this Thursday. This afternoon, the House Rules Committee is meeting to consider the rule for the House’s conside...
Anxiousness and Petulance; Calling a Spade; Trade Talk Environment; MAHAHA Farm Bill
Anxiousness and Petulance The U.S. war with Iran has come down to endurance. Washington sees Iran getting squeezed as the blockade eventually causes Iran&r...