World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: August–2 September 2022 Grain markets were volatile. While global markets remain bullish, Russian traders are still speculating and expecting a bigger bear. This, of course, is possible at the early stage of the game and especially with a forecast for a record crop. It seems that bottom price levels of the new season are nearby. Export trading in domestic currency is bullish primarily thanks to export duty softening. Export duties depend a lot on RUB behavior. If the RUB remains stable and strong, export duties may further decline. The domestic market remained quite volatile. It is clear now that high quality milling wheat is in short supply and near-term prices may recover for this commodity. The record wheat...

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feed-grains soy-oilseeds wheat

Market Commentary: Soybean Sales to China Fail to Impress CBOT

The CBOT was almost uniformly lower on Wednesday with traders booking any long profits and likely adding some short spec positions as momentum wanes from the markets. The down day was a little surprising after USDA reported another 12.1 Mbu of soybeans sold to China for 2025/26, but that news h...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2975/bushel, down $0.07 from yesterday's close.  Mar 26 Wheat closed at $5.495/bushel, down $0.095 from yesterday's close.  Jan 26 Soybeans closed at $11.3625/bushel, down $0.1725 from yesterday's close.  Dec 25 Soymeal closed at $318.9/short ton, down $8...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 7-14 November 2025 Russia reported an air attack on the port of Novorossiysk, its main Black Sea export hub. The attack disrupted both oil and grain trade. Spot prices initially rose by several dollars but returned to previous levels by week’s end. The long-term out...

feed-grains soy-oilseeds wheat

Market Commentary: Soybean Sales to China Fail to Impress CBOT

The CBOT was almost uniformly lower on Wednesday with traders booking any long profits and likely adding some short spec positions as momentum wanes from the markets. The down day was a little surprising after USDA reported another 12.1 Mbu of soybeans sold to China for 2025/26, but that news h...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2975/bushel, down $0.07 from yesterday's close.  Mar 26 Wheat closed at $5.495/bushel, down $0.095 from yesterday's close.  Jan 26 Soybeans closed at $11.3625/bushel, down $0.1725 from yesterday's close.  Dec 25 Soymeal closed at $318.9/short ton, down $8...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 7-14 November 2025 Russia reported an air attack on the port of Novorossiysk, its main Black Sea export hub. The attack disrupted both oil and grain trade. Spot prices initially rose by several dollars but returned to previous levels by week’s end. The long-term out...

FOB Prices and Freight Rates App (Updated 19 November)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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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