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: 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...

Tariff Trouble; UPF Killers; GIs Meet Reality; European Consensus; Takes On to Know One

Tariff Trouble Democrats in the U.S. House and Senate are pushing for votes in the House on the legitimacy of tariffs imposed by President Trump, including his use of the International Economic Emergency Powers Act (IEEPA). But Biden Administration Commerce Secretary Gina Raimondo told a Bloomb...

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

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...

Tariff Trouble; UPF Killers; GIs Meet Reality; European Consensus; Takes On to Know One

Tariff Trouble Democrats in the U.S. House and Senate are pushing for votes in the House on the legitimacy of tariffs imposed by President Trump, including his use of the International Economic Emergency Powers Act (IEEPA). But Biden Administration Commerce Secretary Gina Raimondo told a Bloomb...

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...

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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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