Key Takeaways: Argentina is a major global agricultural exporter, but producer returns have historically been constrained by export taxes. Export taxes ha...
Articles
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap: Egypt’s wheat market is very quiet due to good stocks...
Livestock Industry Margins
Beef packer margins deteriorated to -$243/head last week, down $25 from the prior week as higher fed cattle prices more than offset a slight decline in the...
CFTC COT Report Analysis
Funds continue to hold broadly bearish sentiments resulted in the ag markets as last week marked another in a string of consecutive net liquidation periods...
Summary of Futures
Jul 26 Corn closed at $4.115/bushel, down $0.06 from yesterday's close. Sep 26 Wheat closed at $6.075/bushel, down $0.065 from yesterday's close.&nbs...
Market Commentary: Mixed Macro Signals Keeping Grains Rangebound
What You Need to Know Today: The U.S. Treasury Department authorized the production, delivery, and sale of Iranian oil for 60 days after “productive...
USMCA Renewal Prospects
When the USMCA was renegotiated in 2020, it added a sunset review process under which all three countries — the U.S., Mexico and Canada — are t...
Mercosur Regional Analysis
Wheat Argentina's wheat planting campaign advanced 13.4 percentage points week over week. Despite limited rainfall, low temperatures, and elevated atmosphe...
Cattle on Feed for June 2026
U.S. Cattle on Feed increased two percent in feedlots with capacity of 1,000 or more head to total 11.7 million on June 1, 2026. Placements in feedlo...
Summary of Futures
Jul 26 Corn closed at $4.175/bushel, down $0.035 from yesterday's close. Sep 26 Wheat closed at $6.14/bushel, down $0.0725 from yesterday's close.&nb...
Market Commentary: Selling Across Most Commodities After Hawkish Fed
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential in...
Livestock Round Up: Cattle on Feed
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle...
USMCA: A Review or a Renegotiation?
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, whic...
U.S. Juneteenth Holiday
The CBOT/CME markets and our offices will be closed tomorrow, Friday, 19 June in observance of the U.S. Juneteenth holiday. Please note that the next Ag Pe...
Summary of Futures
Jul 26 Corn closed at $4.21/bushel, up $0.0725 from yesterday's close. Jul 26 Wheat closed at $6.1275/bushel, up $0.1675 from yesterday's close. ...
Market Commentary: Markets on Pins & Needles
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that th...
Naturally Resilient Crops Are Key to Drought Mitigation
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity...
Transportation Perspectives - 16 June
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal rati...
Black Sea Regional Analysis
Russian Grain Markets: 8-12 June 2026 The Russian grain market was highly volatile during the week. The export market, the primary driver of domestic price...
Summary of Futures
Jul 26 Corn closed at $4.1375/bushel, down $0.0175 from yesterday's close. Jul 26 Wheat closed at $5.96/bushel, up $0.0625 from yesterday's close.&nb...
Market Commentary: China Buying Rumors Lift Soybeans; Cattle Rise on Beef Demand Hopes
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energ...
New World Screwworm Spreading North
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June...
Port of Chancay's Success Hinges on Inland Infrastructure
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap: Wheat stocks in Egypt are at good levels, with only limited...
Livestock Industry Margins
Beef packer margins deteriorated to -$218/head last week, down $20 from the prior week as a softer Choice cutout combined with slightly lower fed cattle pr...
Summary of Futures
Jul 26 Corn closed at $4.155/bushel, up $0.0275 from yesterday's close. Jul 26 Wheat closed at $5.8975/bushel, up $0.0525 from yesterday's close.&nbs...
Market Commentary: CBOT Bounces on Iran Peace Deal Despite Bearish Long-Run Outlook
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum...
New Agreements on Iran War and EU Tariffs, Questions Remain
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President...
Vertical Farming: A Promising Concept Held Back by Economic Challenges
Key Takeaways: Vertical farming offers year-round production, reduced water use, and the ability to grow fresh produce closer to consumers. High electrici...
Mercosur Regional Analysis
Wheat Rainfall across most of Argentina's agricultural regions during the past week slowed the pace of 2026/27 wheat planting. Even so, planting progress h...
Peace Deal in Iran: What Does It Mean for Ags?
Early Sunday evening, President Trump and Iranian officials confirmed the two countries have agreed to a peace deal. The agreement notes the Strait o...
CFTC COT Report Analysis
The ongoing shift in ag commodity markets from bullish to bearish sentiments resulted in funds halving their all-ags net long last week, liquidating 330,00...
Summary of Futures
Jul 26 Corn closed at $4.1275/bushel, up $0.01 from yesterday's close. Jul 26 Wheat closed at $5.845/bushel, down $0.0225 from yesterday's close.&nbs...
Market Commentary: Quiet Trade Follows WASDE as Livestock Sector Faces Capacity Shifts
What You Need to Know Today: It was a quiet trading day across major agricultural commodities, with most contracts closing within 1 percent of the previou...
Policy Roundup: NWS, Section 122 Tariffs, and Dairy Producer Agenda
New World Screwworm Another day, another case of New World Screwworm. USDA has reported nine cases of New World Screwworm (NWS) in the U.S. Of the nine rep...
Regenerate, or not? You Get to Choose
It is easy to get overwhelmed by the debates surrounding farm policy and crop production, especially the current back-and-forth about regenerative agricult...
WASDE Soybeans - June 2026
USDA’s June outlook for 2026/27 U.S. soybean supply, use, and price projections is unchanged. U.S. soybean ending stocks are unchanged. The result is...
WASDE Corn - June 2026
USDA’s June outlook for 2026/27 U.S. corn is unchanged from last month. Slightly higher ending stocks for 2026/27 results in no change for the season...
WASDE Wheat - June 2026
USDA’s June outlook for 2026/27 reduced the U.S. average wheat yield by 0.5 bushels per acre to 47.0 bushels and ending stocks are reduced 18 million...
Summary of Futures
Jul 26 Corn closed at $4.1175/bushel, down $0.0725 from yesterday's close. Jul 26 Wheat closed at $5.8675/bushel, down $0.0075 from yesterday's close...
Market Commentary: June WASDE Light on Major Balance Sheet Changes
What You Need to Know Today: The June WASDE report was largely in line with expectations, with no major market-altering changes to the balance sheets. The...
Livestock Round Up: NWS and USMCA Renegotiation
USDA’s National Veterinary Services confirmed three new cases of New World Screwworm, including one in a calf in La Salle County, Texas, a goat in Te...
Transportation Perspectives - 11 June
Vessel supplies in the tanker sector are tightening as vessels are “disappearing” from the position list. There is some indication that the pos...
AP Quant: WASDE Vegoils
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...
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...
Summary of Futures
Jul 26 Corn closed at $4.19/bushel, down $0.005 from yesterday's close. Jul 26 Wheat closed at $5.875/bushel, up $0.0225 from yesterday's close. ...
Market Commentary: The Return of Risk Premium
Key Market Insights Macro Markets: Inflation and Iran Reenter the Conversation Just when the grain trade had become comfortable focusing almost exclusively...
Then, Now and Next - Final Thoughts
Why read this? Because Mark Twain correctly noted that “History doesn’t repeat itself, but it often rhymes.” One of the most successful c...
Celebrating Gary Blumenthal’s Retirement After a Storied Career
After more than 40 years serving the agricultural industry and leading World Perspectives, Inc., Gary Blumenthal is retiring. His career—which includ...
U.S. Soybean Exports Become More Diversified as Reliance on China Declines
Key Takeaways: China's rise to become the world's largest soybean importer reshaped global trade flows, but recent trade tensions have reduced its share o...
Black Sea Regional Analysis
Russian Grain Markets: 1-5 June 2026 During the week under review, the Russian grain market began showing the first signs of the new season. The shift beca...
Summary of Futures
Jul 26 Corn closed at $4.195/bushel, up $0.0075 from yesterday's close. Jul 26 Wheat closed at $5.8525/bushel, up $0.02 from yesterday's close. ...
Market Commentary: Pre-WASDE Stabilization Continues, But What Next?
What You Need to Know Today: Early Tuesday, the U.S. Energy Secretary said vessel traffic through the Strait of Hormuz is rising in a “very meaningf...
China Market Analysis
Miscellaneous Initial excitement over China’s pledges to buy American farm products has faded, as no purchases have immediately materialized. USDA De...
E15 Moves to Senate
In January of this year, the House passed House Resolution 375, which established an E15 Rural Domestic Energy Council and directed the council to investig...
Waste Feedstock Constraints Revive Demand for Crop-Based Biofuels
Key Takeaways: Early U.S. biofuel policy relied primarily on crop-based feedstocks such as corn and vegetable oils. California's LCFS increased demand for...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s currency has weakened in the past few weeks as higher energy costs related t...
Livestock Industry Margins
Beef packer margins were essentially unchanged at -$201/head last week as a modest increase in the Choice cutout was offset by steady fed cattle prices. Th...