World Perspectives
wheat livestock softs

Indian Subcontinent Regional Analysis

Wheat Sowing Slow; Higher Prices Remain Stable The rabi wheat sowing has reached 11.066 million hectares thus far, down 12.41 percent from 12.635 million hectares at the same time last year. The government of India (GOI) had doubled the wheat import duty in early November (near the start of the new season) from 10 percent to 20 percent as a signal to farmers that they should produce more wheat and also to reduce the level of imports needed. However, it is possible that the planted area will be expanded this season. One reason being given for the current reduced coverage is the stubble issue. As farmers have not been able to remove the stubble from paddy quickly enough since burning has been banned, the sowing is slow and could remain so f...

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Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

wheat

Bearish Wheat Report, Bullish Foundation

USDA’s May WASDE report was perhaps surprisingly bearish wheat. Futures hit yet more new record lows again today. For the U.S., USDA found higher yields running into lower demand. Globally, the agency sees increasing production even in countries like Russia and China where conditions have...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

wheat

Bearish Wheat Report, Bullish Foundation

USDA’s May WASDE report was perhaps surprisingly bearish wheat. Futures hit yet more new record lows again today. For the U.S., USDA found higher yields running into lower demand. Globally, the agency sees increasing production even in countries like Russia and China where conditions have...

soy-oilseeds

WASDE Soybeans - May 2025

USDA’s outlook for 2025/26 U.S. soybeans is for lower ending stocks: The U.S. share of global soybean exports is forecast at 26 percent - down from 28 percent last year. Accordingly, U.S. soybean exports are forecast at 1.815 billion bushels, down 35 million from 2024/25. The 2025/26 U.S...

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