Formalizing Protectionism The EU’s 27 farm ministers are headed to Brussels on Wednesday ahead of the EU’s formal signing of a trade agreement...

Mar 26 Corn closed at $4.445/bushel, up $0.07 from yesterday's close.  Mar 26 Wheat closed at $5.125/bushel, up $0.06 from yesterday's close.  Ma...

Traders closed out an overall lower week with more of the same. There was a new contract low in SRW, but a late rally pushed HRW slightly into the green fo...

Mar 26 Corn closed at $4.375/bushel, down $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.065/bushel, down $0.005 from yesterday's close.&n...

On 31 December the USDA announced the per acre payment rates for the Farmer Bridge Assistance (FBA) program for producers hit by the ongoing tariffs. ...

The WPI team extends our best wishes to you and your families for a healthy and happy New Year. Thank you for your faithful readership, we are looking forw...

The pre-holiday risk-off, profit-taking mode continued on the last trading day of 2025. Traders closed out the calendar year with the expected low-level en...

Mar 26 Corn closed at $4.4025/bushel, down $0.0025 from yesterday's close.  Mar 26 Wheat closed at $5.07/bushel, down $0.0375 from yesterday's close.&...

USDA’s November slaughter data helps decode some of the outlook for 2026. There are the known knowns - cattle and hog numbers are down, weights are u...

The CBOT traded mostly lower on Tuesday with funds remaining dedicated sellers. The motivation for their selling stems partially from pre-holiday risk-off...

Mar 26 Corn closed at $4.405/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.1075/bushel, down $0.0225 from yesterday's close...

Grain Utilization Grain market prices have been cooling of late due to the prospects of a large South American crop, but China is also cited as an influenc...

Grains and oilseeds nearly all traded lower to start the week with profit taking driving most of the action as the CBOT enters another holiday-shortened we...

According to stock market statisticians, the S&P 500 stock index historically makes an average of 1.3 to 1.4 percent gains during the last five days of...

Mar 26 Corn closed at $4.4225/bushel, down $0.0775 from yesterday's close.  Mar 26 Wheat closed at $5.13/bushel, down $0.06 from yesterday's close.&nb...

Export Sales and Shipments for Dec 11, 2025...

The CBOT saw its typical low-volume post-Christmas trading session on Friday, but low trading volume didn’t stop the markets from making some notable...

Mar 26 Corn closed at $4.5/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.19/bushel, down $0.0275 from yesterday's close. ...

Financial markets will be closed on Thursday, 25 December for the Christmas holiday. As a result, there will be no Ag Perspectives report on Thursday. WPI...

The CBOT was mostly higher before the Christmas holiday with grains in the lead, though with each market seeing a different fundamental driver. Wheat futur...

Mar 26 Corn closed at $4.51/bushel, up $0.035 from yesterday's close.  Mar 26 Wheat closed at $5.2175/bushel, up $0.0475 from yesterday's close. ...

Soybean Auction Falters To make way for recent purchases of U.S.-grown soybeans, Sinograin has been auctioning state-owned reserves of soybeans imported in...

Russian Grains Market: 15–19 December 2025 Russia’s grain markets remained stable and bearish, with weak domestic and export demand limiting pr...

Friday’s CFTC report showed managed money traders paring back long positions across the ag space as technical conditions quickly deteriorated for the...

Everyone knows the volume traded this week will be lower, but there is no break in the directional adjustments. The corn market still had to continue its m...

Mar 26 Corn closed at $4.475/bushel, up $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.17/bushel, up $0.015 from yesterday's close.  J...

USDA released its quarterly Hogs and Pigs report today. The inventory of all hogs and pigs on 1 December was 75.5 million head, up 1 percent from December...

Regional News  Russia’s latest attacks on Ukraine’s Odesa Black Sea port infrastructure on 23 December reportedly damaged a vessel carryin...

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Safaga port, south on the Red Sea, will be expanded and improved as a result...

Beef packer margins deteriorated further last week, extending their move into negative territory after early December’s strong profits. Margins fell...

The CBOT turned higher on Monday with positive export data from USDA and a healthy dose of bottom-picking and pre-holiday short covering driving the upside...

USDA reports U.S. Cattle on Feed down 2 percent in feedlots with capacity of 1,000 or more head to total 11.7 million head on December 1, 2025.  Place...

WTO Gets Trumped The WTO was thrown out back on 2 April when President Trump announced his reciprocal tariffs. The tariffs totally violated U.S. obligation...

Mar 26 Corn closed at $4.47/bushel, up $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.155/bushel, up $0.0575 from yesterday's close. ...

On 21 November, Tyson Foods, one of the largest beef packing companies in the United States, announced it will close its cattle slaughter facility in Lexin...

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...

WHEAT Harvest advanced 13.1 percent week-over-week, reaching 73 percent of total area, with yields remaining above average and above earlier expectations...

Dry-bulk freight markets are mixed this week with pre-holiday trade driving diverging trends. The Capesize sector saw some strength, primarily in the Atlan...

There was lower volume in the grain pits today, with perhaps some stronger interest in the last few days of holiday shopping. Traders were not buying corn...

USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.7 million head, 98 percent of last year.    P...

Mar 26 Corn closed at $4.4375/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.0975/bushel, up $0.02 from yesterday's close.&nb...

December is upon us and the fall calf run all but ended, the beef industry is finalizing its estimates of 2025 profitability and market performance. For co...

Overall, it remains a sideways market with corn showing the most confidence but overall market weakness that is both seasonal, and reflective of the fundam...

Reported November meat sales data show meat department sales were positive and have remained so since Q1 of 2023. In all cases, dollar gains were from a co...

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close. ...

Export Sales and Shipments data for the week ending Nov 27, 2025...

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 2 December. The data are, obviously, delayed du...

Bears were once again in charge of the CBOT on Wednesday, though they temporarily relinquished control of the corn market to bulls. Funds were aggressive s...