Corn Harvest delays continue to complicate Argentina's corn market. Persistently high humidity, combined with scattered rainfall across key producing regio...
Articles
Summary of Futures
Dec 26 Corn closed at $4.675/bushel, up $0.035 from yesterday's close. Sep 26 Wheat closed at $6.8275/bushel, up $0.08 from yesterday's close. ...
Market Commentary: Geopolitical Tensions Driving Markets
What You Need to Know Today: The U.S. and Iran exchanged strikes, with the U.S. hitting Iranian bridges, energy sites, and military infrastructure. Iran l...
Crops on Fire: The EU Corn Outlook
Key Takeaways: The EU heatwaves have coincided with key maize crop reproductive timing and featured high nighttime temperatures, a cruel two-sided b...
Reconciliation Passes House Committee, Prospects Dim in Senate
Congress returned this week from its Fourth of July recess, with another break scheduled for the month of August, to face a busy agenda before adjourning f...
USDA: From Bureaucracy to Ad Hocracy
There was a time, not so long ago, when you could easily explain U.S. agricultural policy. It was countercyclical and focused on risk management, especiall...
Summary of Futures
Dec 26 Corn closed at $4.64/bushel, down $0.055 from yesterday's close. Sep 26 Wheat closed at $6.7475/bushel, down $0.0275 from yesterday's close.&n...
Market Commentary: Cattle Markets Remain Under Pressure, China Buys More Soybeans
What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has...
Livestock Round Up: Turkey Production Poised to Rebound Some
Turkeys for Thanksgiving are typically placed this month. Turkey production has suffered from HPAI and other diseases for the past two years, and placement...
Global Soybean Crush Margin Forecasts
Key Takeaways: Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and c...
Transportation Perspectives - 16 July
Key Takeaways: Tensions in the Persian Gulf are further away than ever from being resolved, as the ceasefire has fallen apart completely and the U.S. and...
Summary of Futures
Dec 26 Corn closed at $4.695/bushel, up $0.09 from yesterday's close. Sep 26 Wheat closed at $6.775/bushel, up $0.325 from yesterday's close. N...
Market Commentary: The Bulls Are Back in Town?
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the char...
Cover Crops Gain Momentum as a Tool to Improve Soil Health
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While c...
Ethanol Margin and Corn Use Outlook
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and...
Black Sea Regional Analysis
Russian Grain Markets: 6–10 July 2026 New-crop price formation remained underway during the week, with bearish price movement concentrated in souther...
Market Commentary: Corn, Soybeans Fall on Conditions Data; Wheat Reverses the Reversal
What You Need to Know Today: Attacks between the U.S. and Iran intensified overnight and the U.S. Central Command reported that the U.S. naval blockade ag...
Livestock Industry Margins
Beef packer margins improved to -$172/head last week, up $31 from the prior week as sharply lower fed cattle prices more than offset a seasonal decline in...
Summary of Futures
Dec 26 Corn closed at $4.605/bushel, down $0.0275 from yesterday's close. Sep 26 Wheat closed at $6.45/bushel, up $0.0975 from yesterday's close.&nbs...
Aquaculture: A Protein Production Growth Opportunity
Key Takeaways: Aquaculture is becoming increasingly important in meeting global seafood demand, gaining market share as wild-caught fisheries face product...
Consumer Price Index Falls in June
This morning’s Consumer Price Index (CPI) report makes it less likely that the Fed will hike short-term rates at the September Federal Open Market Co...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Syria's new Russian logistics hub at Tartous port is expected to be operational by the end...
CFTC COT Report Analysis
The weather rally continues to shift fund positioning and sentiment from its former bearish posture to a far more bullish configuration. Managed money trad...
Market Commentary: Reassessing Weather and Geopolitical Risks
What You Need to Know Today: Rising hostilities and an end to any semblance of a ceasefire between the U.S. and Iran created geopolitical risk-off trade i...
Livestock WASDE
USDA released its monthly World Supply and Demand Estimates on Friday, forecasting tighter beef supplies and growing pork and broiler supplies. Beef...
Summary of Futures
Dec 26 Corn closed at $4.6325/bushel, up $0.0225 from yesterday's close. Sep 26 Wheat closed at $6.3525/bushel, down $0.05 from yesterday's close.&nb...
U.S. Farmers Maintain a Storage Advantage over Brazilian Counterparts
Key Takeaways: The U.S. maintains a significant storage advantage, with a much larger share of grain storage located on farms, giving producers greater fl...
Mercosur Regional Analysis
Wheat Argentina's wheat planting advanced another 7 percentage points over the past week, with 87.9 percent of the projected 6.5 Mha now seeded. Planting i...
AP Quant: WASDE Vegoils
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents the following PDF of key supply and demand tables and charts relating t...
AP Quant: WASDE Wheat
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents the following PDF of key supply and demand tables and charts relating t...
AP Quant: WASDE Soybeans
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents the following PDF of key supply and demand tables and charts relating t...
AP Quant: WASDE Corn
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - offers the following PDF of key supply and demand tables and charts relating to...
WASDE Soybeans - July 2026
USDA’s July WASDE outlook for 2026/27 left ending stocks of U.S. soybeans unchanged at 310 million bushels for 2026/27. Prices also are unchanged for...
WASDE Corn - July 2026
USDA’s July WASDE outlook for 2026/27 reduced total U.S. corn ending stocks by 170 million bushels to 1.8 billion. The season-average farm price rece...
WASDE Wheat - July 2026
USDA’s July WASDE outlook for 2026/27 reduced total U.S. wheat production by 7 million bushels from last month to 1,536 million – which is the...
Summary of Futures
Dec 26 Corn closed at $4.61/bushel, up $0.09 from yesterday's close. Sep 26 Wheat closed at $6.4025/bushel, up $0.205 from yesterday's close. N...
Market Commentary: Bullish WASDE and Sea of Azov Strikes Lift Grains
What You Need to Know Today: Wheat prices surged after Ukrainian strikes on Russian vessels and infrastructure disrupted grain shipments, halting traffic...
Trade Deficit Data Reflects AI, Petroleum, and Soybeans
The trade deficit in goods and services came in at $77.6 billion in May, slightly smaller than the consensus estimate of $78.4 billion. After a few months...
Wheat's Declining, Millers Keep Milling
Every June combines begin their annual sweep across the winter wheat fields of Texas, Oklahoma, and Kansas. At the same time, USDA releases its Acreage and...
Summary of Futures
Dec 26 Corn closed at $4.52/bushel, down $0.0425 from yesterday's close. Sep 26 Wheat closed at $6.1975/bushel, up $0.12 from yesterday's close. ...
Market Commentary: The Market Is Always Looking Ahead
Weather remains the dominant driver of grain markets this time of year, but this week's trade has been a reminder that futures markets are constantly looki...
Livestock Round Up: UFCW Wants Big 4 to Get USDA Money
As we wrote in last week’s Livestock Round Up, the Administration has announced the Strengthening Processing for U.S. Ranchers (SPUR) program that wi...
Soyoil Clears an EU Regulatory Hurdle, but Demand Growth Faces Other Challenges
Key Takeaways: The European Parliament rejected a proposal to classify soyoil as a high ILUC-risk feedstock, preventing a potential phaseout from EU biofu...
Summary of Futures
Dec 26 Corn closed at $4.5625/bushel, down $0.08 from yesterday's close. Sep 26 Wheat closed at $6.0775/bushel, down $0.1075 from yesterday's close.&...
Market Commentary: Geopolitical Risk Back in Play
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the...
Can Lean Beef Futures Succeed Where Others Have Failed?
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five ke...
Black Sea Regional Analysis
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the...
Summary of Futures
Dec 26 Corn closed at $4.6425/bushel, up $0.065 from yesterday's close. Sep 26 Wheat closed at $6.185/bushel, up $0.045 from yesterday's close. ...