World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Calm Before the WASDE Storm

The CBOT was mostly calm before Thursday’s October WASDE – a report that often produces volatile reactions from the market. Corn and wheat drifted mostly lower, but corn managed to squeeze out a gain of a few cents in quiet trade. Soybeans dropped sharply lower despite daily “flash” export sales due to strong harvest progress, export competition, and sharply lower export sales bookings. Soy products were lower as well but the soyoil market took a brief pause from its recent, dramatic selloff. Funds were net sellers in soybeans for the day but were relatively flat the other markets as they executed final position-adjusting ahead of the report.  The USDA re-issued its weekly Export Inspections data, which were co...

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livestock

AP Quant: Livestock Industry Margins

Beef packer margins are on a one-way trip to a very unpleasant place and despite a brief rebound last week, remain absolutely dismal. Packer margins improved $66/head last week thanks to a massive surge in beef values and modest fed cattle gains, but profits were still horrid at -$237/head, whi...

feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Locks Limit Up Again; Wheat, Corn Fall; New Highs for Hogs

Soyoil remained the star of the CBOT on Monday and locked limit-up for the second day following the surprisingly bullish EPA RVO mandates released Friday. That carried soybeans and ICE canola futures higher – along with other vegoil markets – for the day, but soybean and soyoil were...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.3475/bushel, down $0.0975 from yesterday's close.  Jul 25 Wheat closed at $5.365/bushel, down $0.0725 from yesterday's close.  Jul 25 Soybeans closed at $10.6975/bushel, up $0 from yesterday's close.  Jul 25 Soymeal closed at $283.7/short ton, down $8.2 f...

livestock

AP Quant: Livestock Industry Margins

Beef packer margins are on a one-way trip to a very unpleasant place and despite a brief rebound last week, remain absolutely dismal. Packer margins improved $66/head last week thanks to a massive surge in beef values and modest fed cattle gains, but profits were still horrid at -$237/head, whi...

feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Locks Limit Up Again; Wheat, Corn Fall; New Highs for Hogs

Soyoil remained the star of the CBOT on Monday and locked limit-up for the second day following the surprisingly bullish EPA RVO mandates released Friday. That carried soybeans and ICE canola futures higher – along with other vegoil markets – for the day, but soybean and soyoil were...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.3475/bushel, down $0.0975 from yesterday's close.  Jul 25 Wheat closed at $5.365/bushel, down $0.0725 from yesterday's close.  Jul 25 Soybeans closed at $10.6975/bushel, up $0 from yesterday's close.  Jul 25 Soymeal closed at $283.7/short ton, down $8.2 f...

soy-oilseeds biofuel

Proposed RVOs: Record Levels of Biomass Based Diesel

On Friday, the EPA announced a proposed rule to establish required Renewable Fuel Standard volumes obligations, known as the required volume obligations (RVOs) and the percentage standards for 2026 and 2027. The announcement also partially waived the 2025 cellulosic biofuel volume requirement a...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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