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...
Articles
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. ...
Market Commentary: CBOT Rallies Amid Weather Market; U.S. Revokes Iran’s Oil Licenses
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of stro...
Choice Boxed Beef Price Falls to Yearly Low
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Con...
Why Middle Eastern and North African Wheat Demand Remains a Key Driver of Global Trade
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Governm...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 22...
Summary of Futures
Dec 26 Corn closed at $4.5775/bushel, up $0.1625 from yesterday's close. Sep 26 Wheat closed at $6.14/bushel, up $0.1425 from yesterday's close. ...
Market Commentary: Weather Risk Materializes
What You Need to Know Today: This time of year, grain markets are often just one weather forecast away from a sharp rally, and today's hotter, drier outlo...
Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending
The final reading for real GDP growth in Q1 was revised upward to a 2.1 percent rate from a prior estimate of 1.6 percent, but the underlying details show...
Mercosur Regional Analysis
Corn Argentina Argentina's corn harvest has reached 52.9 percent of the national harvestable area, with an average yield of 8.15 MT/ha. Harvest continues a...
Summary of Futures
Dec 26 Corn closed at $4.415/bushel, down $0.0075 from yesterday's close. Sep 26 Wheat closed at $5.9975/bushel, down $0.0025 from yesterday's close...
Market Commentary: Trading Cools Off After an Eventful Report Week
What You Need to Know Today: The June jobs report showed nonfarm payrolls increased by 57k jobs, less than the 115k jobs expected by economists surveyed b...
Celebrating America's 250th Anniversary
On 4 July 2026, the United States will commemorate the 250th anniversary of the signing of the Declaration of Independence. In observance of the Fourth of...
Livestock Round Up: Trump Declines USMCA Renewal and Pledges $500 Million to Beef Processors
Today was the deadline for announcing intentions regarding renewal of the U.S.-Mexico-Canada Agreement (USMCA); the U.S. will not renew the USMCA, accordin...
U.S. Exports to Cuba: It’s About Displacement
As Cuba's economic crisis has deepened, discussions about the country's eventual economic and political transition have reemerged. One question that inevit...
Transportation Perspectives - 2 July
Key Takeaways Traffic through the Strait of Hormuz is increasing steadily, despite a precarious political situation. The increased flow of vessels t...
Summary of Futures
Dec 26 Corn closed at $4.4225/bushel, up $0.0625 from yesterday's close. Sep 26 Wheat closed at $6/bushel, up $0.1075 from yesterday's close. N...
Market Commentary: New Month, New Trade?
Key Market Insights July is here, and the grain markets already feel like they are shifting gears. With the June USDA reports now behind us, inflation is b...
Poultry’s Cost Effectiveness and Versatility Fueling Consumption Growth
Key Takeaways: Poultry is the fastest-growing major animal protein, supported by lower production costs, affordability, and broad consumer appeal. Broiler...
Ethanol and Biodiesel Margins
What You Need To Know Today: Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on wea...
Black Sea Regional Analysis
Russian Grain Markets: 22-26 June 2026 The Russian grain market remained volatile during the week as farmers continued to hold old-crop supplies while new-...
Summary of Futures
Sep 26 Corn closed at $4.1675/bushel, up $0.065 from yesterday's close. Sep 26 Wheat closed at $5.8925/bushel, up $0.095 from yesterday's close. ...
Market Commentary: Acreage, Stocks Surprises Send Corn, Wheat Higher; Fund Selling Likely to Subside
What You Need to Know Today: The surprises from the USDA’s Acreage report were a sharp reduction in winter wheat area from the March Prospective Pla...
Trump Suspends Phosphate CVDs
On Monday, the Trump Administration suspended the countervailing duties (CVDs) on phosphate fertilizer imports from Morocco via Executive Order. The CVDs w...
High Oleic Soybeans: Premium Demand Growing, But Adoption Remains Limited
Key Takeaways: High oleic soybeans produce oil containing 70–80 percent oleic acid, improving stability and eliminating the need for partial hydroge...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Oman Flour Mills has begun its 2026 purchases of locally produced wheat. The mill runs a g...
Livestock Industry Margins
Beef packer margins deteriorated to -$261/head last week, down $19 from the prior week as weaker beef values (especially the Choice cutout) were offset by...
Summary of Futures
Jul 26 Corn closed at $4.02/bushel, down $0.1075 from yesterday's close. Sep 26 Wheat closed at $5.7975/bushel, down $0.1 from yesterday's close.&nbs...
Market Commentary: CBOT Downside Risks Rise as Funds Pad Bearish Bets, Corn Hits New Lows
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoreti...
Senate Farm Bill, Prop 12, and NWS Update
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm...
Indonesia’s B50 Mandate Reshapes Global Vegetable Oil Markets
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The po...
Mercosur Regional Analysis
Corn Argentina Argentina's corn harvest continued to advance at a moderate-to-slow pace, constrained by high moisture levels in both the grain and the fiel...
CFTC COT Report Analysis
Bearish sentiment continues to dominate CBOT trade, which last week resulted in the ag markets seeing another period consecutive net liquidation. Managed m...
Summary of Futures
Jul 26 Corn closed at $4.1275/bushel, down $0.02 from yesterday's close. Sep 26 Wheat closed at $5.8975/bushel, down $0.1175 from yesterday's close.&...
Market Commentary: Acreage Report Takes Center Stage
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind a...
Senate Farm Bill and $11 Billion Supplemental Appropriation Request
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding f...
The Credibility Gap: Administrative Optimism Meets Commodity Agriculture
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprin...
Summary of Futures
Jul 26 Corn closed at $4.1475/bushel, up $0.0775 from yesterday's close. Sep 26 Wheat closed at $6.015/bushel, up $0.055 from yesterday's close. ...
Market Commentary: Focus Turns to New Crop Export Sales
What You Need to Know Today: The Personal Consumption Expenditures Index (PCE) rose 4.1 percent year-over-year, in line with expectations. Core PCE, which...
Livestock Round Up: Hogs and Pigs Report
USDA released its Quarterly Hogs and Pigs report for 1 June today. There were 73.7 million head, which was down slightly from 1 June 2025, as well as from...
Mid-Year Cow-Calf Profitability Projections
Key Takeaways: Despite rising cost pressures — including the recent run-up in fuel and energy costs — U.S. cow-calf producers are facing...
Transportation Perspectives - 25 June
Key Takeaways: Despite little progress in a U.S.-Iran framework for a peace deal or an agreement itself, vessel transits are picking up in the Strait of H...
Summary of Futures
Jul 26 Corn closed at $4.07/bushel, down $0.0275 from yesterday's close. Sep 26 Wheat closed at $5.96/bushel, down $0.01 from yesterday's close. ...
Market Commentary: The Battle for Support
Key Market Insights Outside markets dominated today’s session. Crude oil traded below $70 per barrel, the U.S. dollar climbed to a 13-month high, and...