World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: End of Week is the Only Certainty

After a wild week, the final trading session featured lower volume and measured moves. The result of the five days of trading included small gains for corn and soybeans, and a 9 percent fall in May SRW. Still, cash basis remains strong, and speculators reduced their short positions in wheat while increasing their long positions in corn. They shed 7.7 percent of their long positions in soybeans.  The market took a head-fake from Vladimir Putin, who implied progress was being made in peace negotiations. He also said he would not invade Ukraine. The Ukrainian grain industry says it is short fuel and fertilizer and will likely plant less exportable crops like sunflower, rapeseed, and corn, while instead focusing on domestically needed c...

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feed-grains soy-oilseeds wheat

Market Commentary: USDA Reports Offer Few Surprises, Weather Dominates Trade Outlook

The USDA’s Grain Stocks and Acreage reports dominated the CBOT’s attention on Monday with the Noon ET release of both datasets driving the day’s action. There were relatively few surprises in the report but minor deviations from expectations helped create support in new crop s...

Un-Trade Agreements; Ag in Big Beautiful Bill; CAP Controversy

Un-Trade Agreements It did not take long for Canadian officials to reverse their digital services tax after President Trump threatened to end trade negotiations. Canada is second only to Mexico in terms of trade dependence on the U.S. Many Canadian producers are already hurting from trade sanct...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 30 June)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Market Commentary: USDA Reports Offer Few Surprises, Weather Dominates Trade Outlook

The USDA’s Grain Stocks and Acreage reports dominated the CBOT’s attention on Monday with the Noon ET release of both datasets driving the day’s action. There were relatively few surprises in the report but minor deviations from expectations helped create support in new crop s...

Un-Trade Agreements; Ag in Big Beautiful Bill; CAP Controversy

Un-Trade Agreements It did not take long for Canadian officials to reverse their digital services tax after President Trump threatened to end trade negotiations. Canada is second only to Mexico in terms of trade dependence on the U.S. Many Canadian producers are already hurting from trade sanct...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 30 June)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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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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