World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies Despite Benign WASDE; Soyoil, Soybeans, Corn Post Technically Bullish Days

CBOT markets firmed heading into the April WASDE and continued their strength thereafter, despite a relatively benign USDA report. USDA stuck to its measured approach in estimating losses to South American soybean production as well as the Russia-Ukraine war. USDA’s policy is always to avoid forecasting policy changes and their impacts in the WASDE, and that approach has been extended to war impacts as well. The effect of this approach is that the agency’s Black Sea balance sheets are adjusting more slowly to the war’s impacts than are private estimates.  For the U.S., the April WASDE brought little changes to the major crop balance sheets, with 2021/22 corn ending stocks unchanged after offsetting adjustments to eth...

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feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Rallies on Stocks, Tax Credits; Livestock Futures Gain on Cash Trade

Soyoil was the upside leader in the CBOT’s Tuesday trade after the USDA’s December soyoil stocks figure came in well below expectations. Additionally, the U.S. Treasury Department announced its proposal on the 45Z Clean Fuel tax credits, which were broadly friendly for ag interests...

Policy Quick Hits

Appropriations. Last Friday, the Senate passed an amended appropriations bill for the remaining FY26 funding shortfall. The measure included a two-week continuing resolution for the Department of Homeland Security (DHS) budget, allowing more time for lawmakers to negotiate further Immigration a...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.285/bushel, up $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, up $0.01 from yesterday's close.  Mar 26 Soybeans closed at $10.6575/bushel, up $0.055 from yesterday's close.  Mar 26 Soymeal closed at $291.9/short ton, down $2.6 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Rallies on Stocks, Tax Credits; Livestock Futures Gain on Cash Trade

Soyoil was the upside leader in the CBOT’s Tuesday trade after the USDA’s December soyoil stocks figure came in well below expectations. Additionally, the U.S. Treasury Department announced its proposal on the 45Z Clean Fuel tax credits, which were broadly friendly for ag interests...

Policy Quick Hits

Appropriations. Last Friday, the Senate passed an amended appropriations bill for the remaining FY26 funding shortfall. The measure included a two-week continuing resolution for the Department of Homeland Security (DHS) budget, allowing more time for lawmakers to negotiate further Immigration a...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.285/bushel, up $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, up $0.01 from yesterday's close.  Mar 26 Soybeans closed at $10.6575/bushel, up $0.055 from yesterday's close.  Mar 26 Soymeal closed at $291.9/short ton, down $2.6 fro...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Israel will raise import tariffs on wheat from Russia and Ukraine under a new tariff agreement with the United States, a move expected to increase U.S. wheat imports. According to reports, the Israeli government will subsidize U.S...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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