Mar 26 Corn closed at $4.295/bushel, up $0.01 from yesterday's close. Mar 26 Wheat closed at $5.2675/bushel, down $0.02 from yesterday's close. ...
Articles
Market Commentary: Soyoil Rallies on Stocks, Tax Credits; Livestock Futures Gain on Cash Trade
Soyoil was the upside leader in the CBOT’s Tuesday trade after the USDA’s December soyoil stocks figure came in well below expectations. Additi...
China Market Analysis
No. 1 Central Document China has released its No. 1 document for 2026, which calls for strengthening the country’s agriculture sector and rural linka...
Policy Quick Hits
Appropriations. Last Friday, the Senate passed an amended appropriations bill for the remaining FY26 funding shortfall. The measure included a two-week con...
Summary of Futures
Mar 26 Corn closed at $4.285/bushel, up $0.0275 from yesterday's close. Mar 26 Wheat closed at $5.2875/bushel, up $0.01 from yesterday's close. ...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Israel will raise import tariffs on wheat from Russia and Ukraine under a new tariff agree...
Market Commentary: Grains Fall on Weather, Strong Dollar; Cattle Surge on Inventory Numbers
The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of Febr...
India’s Catbird Seat; Targeting Cuba; Good and Bad GMOs
India’s Catbird Seat China is a state-run economy with formidable output, utilizing abundant, lower-cost labor. India is a democracy with a massive l...
Summary of Futures
Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close. Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close...
Meat Producer Price Index
Wholesale meat prices fell across the board in December, seasonally adjusted, according to Producer Price Index (PPI) data released Friday by the Bureau of...
Mercosur Regional Analysis
South America Weather Overview Argentina received some rainfall this week, but precipitation was concentrated in the northeast and western regions, with ac...
CFTC COT Report Analysis
Friday’s CFTC report showed funds building their net long position across the major ag futures contracts for the second straight week. Funds added 10...
Summary of Futures
Mar 26 Corn closed at $4.2825/bushel, down $0.025 from yesterday's close. Mar 26 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.&nb...
Market Commentary: Get Out of Dodge Friday
Although the week was mixed, there was a convincing move lower on Friday. The mood spelled exit as all the major agricultural contracts closed lower. Even...
Livestock Round Up: Cattle Inventory Report
USDA’s semi-annual cattle report was issued today. The inventory of all cattle and calves in the U.S. as of 1 January was 86,155,300 head, slightly b...
Cracking the Egg Price Mystery
Egg prices have been through a volatile 18 months, rallying sharply in LH 2024 and into early 2025 as bird flu decimated the U.S. layer flock. In early 202...
Export Sales
Export Sales and Shipments for January 16-22, 2026 Wheat: Net sales of 558,200 metric tons (MT) for 2025/2026 were down 10 percent from the previous...
Market Commentary: Weather Impacts as Commodities Move Their Own Way
Markets traded higher overnight and opened that way this morning, but the soy complex quickly gave way. Weather threatens shipments down the Mississippi, y...
Summary of Futures
Mar 26 Corn closed at $4.3075/bushel, up $0.0075 from yesterday's close. Mar 26 Wheat closed at $5.415/bushel, up $0.055 from yesterday's close. ...
Transportation and Export Report - 28 January 2026
Grain transportation was thrown into confusion this week as ice and low water levels on the Mississippi River System snarled barge traffic and caused a sur...
Livestock Round Up: Cattle Inventory Report Preview
USDA’s semi-annual cattle report will be issued on Friday. The outlook calls for the cattle herd to be 86.4 million head, down from 86.7 million head...
Transportation Perspectives - 29 January
Grain transportation was thrown into confusion this week as ice and low water levels on the Mississippi River System snarled barge traffic and caused a sur...
Black Sea Regional Analysis
Russian Grain Markets: 19–23 January 2026 The Russian grains market is volatile, showing bearish sentiments on the RUB export trade platform despite...
Market Commentary: Weak Dollar Triggers Grains Rally; Wheat Breaks Major Resistance Levels
Grains rallied across the board overnight and through Wednesday’s day session as a plunging U.S. dollar made U.S. exports more competitive. The move...
Summary of Futures
Mar 26 Corn closed at $4.3/bushel, up $0.035 from yesterday's close. Mar 26 Wheat closed at $5.36/bushel, up $0.1275 from yesterday's close. Ma...
Thailand Soy Tariffs Update
Thailand’s market is now officially reopened to soybean and soymeal imports as the government has resolved a lapse in tariff policy that caused impor...
Markets Not Government; Fueling and Building Cars; Middle Power Potential; EU Mimics China
Markets Not Government A common refrain from U.S. agriculture groups is that they prefer to get their income from the market than the government. Most of t...
Livestock Industry Margins
Beef packer margins remained deeply negative, with estimated net losses at -$185/head, little changed from the prior week. Rising boxed beef values continu...
Market Commentary: Energy Supports Soyoil, Soybeans; Weak Dollar Pushes Wheat Higher
Grain trade at the CBOT was mixed Tuesday with higher energy values supporting soyoil and soybeans while a weaker dollar and some commercial buying support...
China Market Analysis
2025 Review The Ministry of Agriculture and Rural Affairs says China produced a record 714.9 MMT of grain in 2025, an increase of 8.4 MMT, or 2.6 percent...
Summary of Futures
Mar 26 Corn closed at $4.265/bushel, down $0.0175 from yesterday's close. Mar 26 Wheat closed at $5.2325/bushel, up $0.0075 from yesterday's close.&n...
Congressional Letter on Buy-Up Coverage Rule
USDA’s Federal Crop Insurance Corporation (FCIC) published a new rule for crop insurance late last year, the Expanding Access to Risk Protection (EAR...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s barley imports in 2025/26 are forecasted to reach 1.7 MMT, up from only 150...
European Market Analysis
Regional News Macroeconomic markets remain especially uncertain and chaotic, and exchange-rate volatility is having a direct impact on grain trade. P...
Summary of Futures
Mar 26 Corn closed at $4.2825/bushel, down $0.0225 from yesterday's close. Mar 26 Wheat closed at $5.225/bushel, down $0.07 from yesterday's close.&n...
Market Commentary: Grains Give Back Gains on Technical Weakness; Hogs Hit New Highs
Trade in ag commodity futures saw two diverging trends to start the week. Weakness quickly developed in grains and oilseeds amid profit taking, weak techni...
Free Trade Style; 30,000 Feet; Technology Evolution; Taxing Food
Free Trade Style Brussels realizes the mistake it made when it included agriculture in its free trade negotiations with the Mercosur countries. Proponents...
Mercosur Regional Analysis
CORN As of today, 93 percent of the expected area has been planted, representing a year-on-year delay of more than five percentage points. Some late-plante...
E15 Dropped from Appropriations Bill
In a years-long, ongoing policy battle, a provision to secure E15 was dropped at the last minute from the appropriations bill. On paper, the path forward l...
CFTC COT Report Analysis
Friday’s CFTC report showed funds maintaining positions in the major ag futures contract, breaking a four-week trend of significant net selling. Fund...
Market Commentary: Major Influences Yield Higher Day/Week
Markets moved higher today, with larger volumes trading in corn and winter wheat. While fundamentals remain broadly unchanged currently, there were several...
Cattle on Feed Report
USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.5 million head, or 97 percent of last year. Placements w...
Summary of Futures
Mar 26 Corn closed at $4.305/bushel, up $0.065 from yesterday's close. Mar 26 Wheat closed at $5.295/bushel, up $0.14 from yesterday's close. M...
Export Sales
Export Sales and Shipments for January 9-15, 2026. Wheat: Net sales of 618,100 metric tons (MT) for 2025/2026 were up noticeably from the previous week and...
Water Wars: 2026 Edition
Water is the world’s most important commodity, but also its most underappreciated—until scarcity starts. Water scarcity runs in cycles, and rep...
Market Commentary: General Equilibrium with Weather and War
Outside markets continued their reversal higher following the rescission of President Trump’s tariff threats against Europe. Ukraine’s grain ex...
2026 Outlook: Market Home Runs Unlikely, Use Risk Management to Stay at Bat This Year
With the spring planting effort just around the corner, producers and traders are starting to get a handle on the outlook for the coming marketing year. Th...
Livestock Roundup: Cattle on Feed Preview
USDA’s monthly Cattle on Feed report for January will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventor...
Transportation and Export Report - January 22, 2026
WPI is pleased to release the third week of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specia...
Summary of Futures
Mar 26 Corn closed at $4.24/bushel, up $0.0225 from yesterday's close. Mar 26 Wheat closed at $5.155/bushel, up $0.0775 from yesterday's close. ...
Livestock Industry Margins
Beef packer margins improved for a second consecutive week but remained firmly negative. Margins rose $70/head to –$179 as the Choice cutout advanced...
Market Commentary: Divergent Day Highlights Divergent Outlook
The CBOT started Wednesday’s overnight trade on a high note with traders returning from the prior day’s risk-off selling and finding support fr...
GI Chimera; Catch Bees with Honey; AI My Eye
GI Chimera The EU-Mercosur trade agreement has hit another stumbling block after the European Parliament asked the EU’s high court to first assess th...
Summary of Futures
Mar 26 Corn closed at $4.2175/bushel, down $0.02 from yesterday's close. Mar 26 Wheat closed at $5.0775/bushel, down $0.025 from yesterday's close.&n...
Black Sea Regional Analysis
Russian Grain Markets: 12–16 January, 2026 The Russian grains market is slowly but steadily emerging from the extended holiday period. Extreme cold w...
Transportation Perspectives - 21 January
WPI is pleased to release the third week of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specia...
Greenland Tweets Sink Macroeconomic Markets, CBOT and Ags Follow
The CBOT started off in risk-off mode Tuesday as rising U.S./EU tensions and odd dynamics in global macroeconomic markets (the rally in Japanese bond yield...
China Market Analysis
Economy and Diet The decline in China’s population, with the birthrate falling 17 percent to its lowest since 1949, is likely having some impact on t...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq is reported to be facing the “driest year in modern history” due to droug...
Summary of Futures
Mar 26 Corn closed at $4.2375/bushel, down $0.01 from yesterday's close. Mar 26 Wheat closed at $5.1025/bushel, down $0.0775 from yesterday's close.&...