World Perspectives
feed-grains

Again, and Again

Don't Get Fooled Again The corn market took a brief dive on a report that Mexico would ban imports of biotech corn, but it shouldn't have even blinked once. Mexico depends upon the U.S. for about one-third of its corn consumption. Proximity and freight costs make it the best bargain. Although Brazil became the world's largest exporter of corn last year as a result of the drought in the U.S., it is no alternative since, like the U.S., most of Brazil's corn production is biotech after jumping by 33 percent from 2011 to 2012. There is not a good market alternative and so a ban on imports would cause a spike in food costs in a country where over half the population is in poverty. A local judge has ruled against domestic planting of transge...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.535/bushel, up $0.0975 from yesterday's close.  May 26 Wheat closed at $5.8375/bushel, up $0.155 from yesterday's close.  May 26 Soybeans closed at $11.7925/bushel, up $0.0975 from yesterday's close.  May 26 Soymeal closed at $309.3/short ton, down $0.6 f...

feed-grains soy-oilseeds wheat

Market Commentary: Middle East Turmoil Keeps Commodities Higher

War-related upward pressure in petroleum prices continues to provide support to grain prices. Brent crude oil hit $85/barrel and WTI crude rose 8.5 percent, its biggest jump since July 2024 and the first time above $80/barrel in over a year. HRW hit its highest price in a year, corn broke throu...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 20-26, 2026. Wheat: Net sales of 203,100 metric tons (MT) for 2025/2026 were down 16 percent from the previous week and 42 percent from the prior 4-week average. Export shipments of 348,900 MT were down 35 percent from the previous week and 24 percent fro...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.535/bushel, up $0.0975 from yesterday's close.  May 26 Wheat closed at $5.8375/bushel, up $0.155 from yesterday's close.  May 26 Soybeans closed at $11.7925/bushel, up $0.0975 from yesterday's close.  May 26 Soymeal closed at $309.3/short ton, down $0.6 f...

feed-grains soy-oilseeds wheat

Market Commentary: Middle East Turmoil Keeps Commodities Higher

War-related upward pressure in petroleum prices continues to provide support to grain prices. Brent crude oil hit $85/barrel and WTI crude rose 8.5 percent, its biggest jump since July 2024 and the first time above $80/barrel in over a year. HRW hit its highest price in a year, corn broke throu...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 20-26, 2026. Wheat: Net sales of 203,100 metric tons (MT) for 2025/2026 were down 16 percent from the previous week and 42 percent from the prior 4-week average. Export shipments of 348,900 MT were down 35 percent from the previous week and 24 percent fro...

livestock

Livestock Round Up: Preview of Feedlot Placements and Changing Canada Dynamics

Feeder cattle sales were up over a year ago in February, but much of that was due to February 2025 sales being light. Still, the increase in activity bears watching, both for what it implies about feedlot placements and for herd rebuilding.  In the four weeks ending February 27, total feed...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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