World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grain Stocks Fuel 2-Day Corn Rally; Wheat Rises with Russian Prices

CBOT grains and oilseeds seem to be playing “follow the leader” and have recently switched roles. Previously, soybeans were rallying and pulling grain futures grudgingly higher, but that has completely flipped following Monday’s Grain Stocks report. Now, corn and wheat are rising and finding bullish short covering and some fresh long buying, while soybeans struggle to follow. Of particular note for wheat is that the current rally is seeing support from rising Russian FOB offers – not just short covering – which helps paint a more bullish long-term outlook for the market. Funds were net buyers in the grains and soymeal for the day but were largely flat soybeans and were net sellers in soyoil. The long-feared Lo...

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soy-oilseeds

WASDE Soybeans – June 2025

USDA’s outlook for 2025/26 U.S. soybeans is lower ending stocks compared with 2024/25. U.S. soybean crush for 2025/26 is projected at 2.49 billion bushels, up 70 million from the 2024/25 as higher soybean meal disappearance increases 2 percent due to greater pork and poultry production. I...

feed-grains

WASDE Corn – June 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies to create higher ending stocks. The corn crop is projected at 15.8 billion bushels, up 6 percent from a year ago due to increases in both area and yield. Planted area is estimated to be 95.3 million acres and yield is projected t...

wheat

WASDE Wheat – June 2025

USDA’s outlook for 2025/26 U.S. wheat is for yields to average 51.6 bushels per acre, which is up 0.4 bushels from last year. Hard Red Winter and White account for most of the increase. Total 2025/26 domestic use is a record 977 million bushels, mostly on food use. Exports are projected l...

soy-oilseeds

WASDE Soybeans – June 2025

USDA’s outlook for 2025/26 U.S. soybeans is lower ending stocks compared with 2024/25. U.S. soybean crush for 2025/26 is projected at 2.49 billion bushels, up 70 million from the 2024/25 as higher soybean meal disappearance increases 2 percent due to greater pork and poultry production. I...

feed-grains

WASDE Corn – June 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies to create higher ending stocks. The corn crop is projected at 15.8 billion bushels, up 6 percent from a year ago due to increases in both area and yield. Planted area is estimated to be 95.3 million acres and yield is projected t...

wheat

WASDE Wheat – June 2025

USDA’s outlook for 2025/26 U.S. wheat is for yields to average 51.6 bushels per acre, which is up 0.4 bushels from last year. Hard Red Winter and White account for most of the increase. Total 2025/26 domestic use is a record 977 million bushels, mostly on food use. Exports are projected l...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.445/bushel, up $0.06 from yesterday's close.  Jul 25 Wheat closed at $5.4375/bushel, up $0.1725 from yesterday's close.  Jul 25 Soybeans closed at $10.6975/bushel, up $0.275 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $2.6 fro...

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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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