World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Ukraine War Developments, Fund Buying

The CBOT was mostly higher to start the week with markets reacting to Friday’s CFTC data as well as news that will impact the Ukraine-Russia war. First, the CFTC data showed managed money traders engaged in a surprise, massive buying spree in corn last week, a move that sparked support in futures Monday. Secondly, and this impacted commodity markets more broadly, President Biden gave permission for Ukraine to use U.S.-supplied missile systems to strike targets deep inside Russia. That news sparked “war risk” buying across the broad commodity complex and triggered noted short covering in wheat. The Ukraine-Russia developments highlight how exposed global commodity markets are to political whims, a fact made more potent apropos the recent lea...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money surprisingly shifting into a more bullish stance across the ag space, though still retaining a small net short. Funds cut 11,700 contacts (14.5 percent) off their small net short across all ag futures last week and now hold relatively neutral posi...

feed-grains soy-oilseeds wheat

Market Commentary: Bears Resist WASDE Curveballs

U.S. crop growing weather looks near perfect. Even dry parts of Nebraska and northern Illinois have just received good relief rains. The rest of July is cooler and damp, perfect for pollination. The share of the corn crop rated Good/Excellent is 74 percent, and its 66 percent for soybeans. ...

soy-oilseeds

WASDE Soybeans - July 2025

USDA’s July 2025 outlook for U.S. soybeans is for increased ending stocks compared to last month: U.S. soybean crush for 2025/26 was raised 50 million bushels to 2.54 billion on the assumption that demand for soybean oil for biofuel would increase. The U.S. seasonal average farm price of...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money surprisingly shifting into a more bullish stance across the ag space, though still retaining a small net short. Funds cut 11,700 contacts (14.5 percent) off their small net short across all ag futures last week and now hold relatively neutral posi...

feed-grains soy-oilseeds wheat

Market Commentary: Bears Resist WASDE Curveballs

U.S. crop growing weather looks near perfect. Even dry parts of Nebraska and northern Illinois have just received good relief rains. The rest of July is cooler and damp, perfect for pollination. The share of the corn crop rated Good/Excellent is 74 percent, and its 66 percent for soybeans. ...

soy-oilseeds

WASDE Soybeans - July 2025

USDA’s July 2025 outlook for U.S. soybeans is for increased ending stocks compared to last month: U.S. soybean crush for 2025/26 was raised 50 million bushels to 2.54 billion on the assumption that demand for soybean oil for biofuel would increase. The U.S. seasonal average farm price of...

feed-grains

WASDE Corn - July 2025

USDA’s July 2025 outlook for U.S. corn is a reduction in ending stocks from the June estimate of 1.75 billion bushels to 1.66 billion bushels. U.S. corn exports were increased 100 million bushels to 2.8 billion; If realized, those exports would be record high. The seasonal average farm pr...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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