World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grains Consolidate while Cattle Rally and Form Reversal

Once again, the big action in the ag futures markets was in the cattle markets, where futures hit new contract and all-time highs for the second straight day. Unexpected strength in the physical cattle and beef markets has propelled futures higher this week, with funds rapidly expanding already bullish positions. The other market to see notable strength recently has been wheat, but traders there pared early, bullish bets and left the market to close with only small gains for the day. Corn and soybeans struggled to find traction on either side of the bullish/bearish equation Tuesday, with a lack of news dampening trading interest.  Outside markets were mostly lower for the day as tensions continue to escalate in the Middle East. Followi...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.575/bushel, down $0.0025 from yesterday's close.  May 25 Wheat closed at $5.36/bushel, down $0.0325 from yesterday's close.  May 25 Soybeans closed at $10.115/bushel, down $0.18 from yesterday's close.  May 25 Soymeal closed at $288/short ton, up $0.8 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Tariffs on, Risk off

The market opened today as it had closed from the previous night’s session, with double digit declines in many contracts. An hour into today’s session, first soymeal, then corn, then HRW and hogs turned green. Many then wobbled both sides of unchanged.  There was a new contract...

While Swinging for the Fence

Early reactions to President Trump’s tariff war are as expected. Major foreign trading partners are expressing shock and assuring Washington that if there is no negotiated settlement, there will be an appropriate response. Domestic pundits emphasize this is a tax on American consumers and...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.575/bushel, down $0.0025 from yesterday's close.  May 25 Wheat closed at $5.36/bushel, down $0.0325 from yesterday's close.  May 25 Soybeans closed at $10.115/bushel, down $0.18 from yesterday's close.  May 25 Soymeal closed at $288/short ton, up $0.8 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Tariffs on, Risk off

The market opened today as it had closed from the previous night’s session, with double digit declines in many contracts. An hour into today’s session, first soymeal, then corn, then HRW and hogs turned green. Many then wobbled both sides of unchanged.  There was a new contract...

While Swinging for the Fence

Early reactions to President Trump’s tariff war are as expected. Major foreign trading partners are expressing shock and assuring Washington that if there is no negotiated settlement, there will be an appropriate response. Domestic pundits emphasize this is a tax on American consumers and...

livestock

Livestock Roundup: Liberation Day Declared, Will Cooler Heads Prevail?

Yesterday, President Trump imposed reciprocal tariffs, stating: My fellow Americans, this is Liberation Day. April 2, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again. We wi...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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