World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Corn and wheat found continued pressure from overnight analysis of the August WASDE, while the soy complex managed to find significant support for the day. The market is still debating the accuracy of USDA’s corn estimates, but fund position liquidation is forcing it to adopt those figures for now. The dumpster fire that is the cattle markets continues to rage out of control (is it too soon to use that metaphor?) with both feeder cattle and live cattle futures closing limit down on their expanded daily trading limits. Outside markets were mostly higher this morning after the Trump administration announced its plans to impose tariffs on $300 billion of Chinese goods as of 1 September would be delayed on some products until 15 December...

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soy-oilseeds

WASDE Soybeans – June 2025

USDA’s outlook for 2025/26 U.S. soybeans is lower ending stocks compared with 2024/25. U.S. soybean crush for 2025/26 is projected at 2.49 billion bushels, up 70 million from the 2024/25 as higher soybean meal disappearance increases 2 percent due to greater pork and poultry production. I...

feed-grains

WASDE Corn – June 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies to create higher ending stocks. The corn crop is projected at 15.8 billion bushels, up 6 percent from a year ago due to increases in both area and yield. Planted area is estimated to be 95.3 million acres and yield is projected t...

wheat

WASDE Wheat – June 2025

USDA’s outlook for 2025/26 U.S. wheat is for yields to average 51.6 bushels per acre, which is up 0.4 bushels from last year. Hard Red Winter and White account for most of the increase. Total 2025/26 domestic use is a record 977 million bushels, mostly on food use. Exports are projected l...

soy-oilseeds

WASDE Soybeans – June 2025

USDA’s outlook for 2025/26 U.S. soybeans is lower ending stocks compared with 2024/25. U.S. soybean crush for 2025/26 is projected at 2.49 billion bushels, up 70 million from the 2024/25 as higher soybean meal disappearance increases 2 percent due to greater pork and poultry production. I...

feed-grains

WASDE Corn – June 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies to create higher ending stocks. The corn crop is projected at 15.8 billion bushels, up 6 percent from a year ago due to increases in both area and yield. Planted area is estimated to be 95.3 million acres and yield is projected t...

wheat

WASDE Wheat – June 2025

USDA’s outlook for 2025/26 U.S. wheat is for yields to average 51.6 bushels per acre, which is up 0.4 bushels from last year. Hard Red Winter and White account for most of the increase. Total 2025/26 domestic use is a record 977 million bushels, mostly on food use. Exports are projected l...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.445/bushel, up $0.06 from yesterday's close.  Jul 25 Wheat closed at $5.4375/bushel, up $0.1725 from yesterday's close.  Jul 25 Soybeans closed at $10.6975/bushel, up $0.275 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $2.6 fro...

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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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