World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Long Liquidation, Ukraine Export Rumors; Hogs Rally as Shanghai Ends Lockdowns

The CBOT attempted to stabilize overnight and in early-morning trade on Wednesday, but headlines from the Black Sea and persistent long liquidation pushed grains sharply lower for the second straight day. Soybeans found support from old and new crop export sales to China, but gains were limited by the large selloffs in corn and wheat.  The trigger for the day’s weakness in corn and wheat was, again, rumors that Russia will allow Ukraine to export ag products, including wheat and fertilizer. There are increasing reports from media outlets that exports will increase from Ukraine following next week’s talks between Russia, Ukraine, and western nations in Turkey. WPI remains skeptical, however, that Russia will actually permit...

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feed-grains soy-oilseeds wheat

Market Commentary: Big Nothingburger

It was a good thing that futures markets closed early today given that there were very few inputs to guide movements. The U.S. government was closed in observance of President Jimmy Carter’s memorial, so reports like weekly Export Sales are delayed until tomorrow. Wall Street and the...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.56/bushel, up $0.02 from yesterday's close. Mar 25 Wheat closed at $5.34/bushel, down $0.0225 from yesterday's close. Mar 25 Soybeans closed at $9.99/bushel, up $0.045 from yesterday's close. Mar 25 Soymeal closed at $299.3/short ton, down $1.5 from yeste...

livestock

Livestock Roundup: Market Conditions Transitioning from 2024 to 2025

Last year, cattle markets were driven by tight supplies of cattle, heavy carcass weights, low cow culling rates, higher input costs, more imports of feeder cattle, and the detection of New World Screwworm in Mexico in November. All were factors in record prices. The focus now turns to 2025, and...

feed-grains soy-oilseeds wheat

Market Commentary: Big Nothingburger

It was a good thing that futures markets closed early today given that there were very few inputs to guide movements. The U.S. government was closed in observance of President Jimmy Carter’s memorial, so reports like weekly Export Sales are delayed until tomorrow. Wall Street and the...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.56/bushel, up $0.02 from yesterday's close. Mar 25 Wheat closed at $5.34/bushel, down $0.0225 from yesterday's close. Mar 25 Soybeans closed at $9.99/bushel, up $0.045 from yesterday's close. Mar 25 Soymeal closed at $299.3/short ton, down $1.5 from yeste...

livestock

Livestock Roundup: Market Conditions Transitioning from 2024 to 2025

Last year, cattle markets were driven by tight supplies of cattle, heavy carcass weights, low cow culling rates, higher input costs, more imports of feeder cattle, and the detection of New World Screwworm in Mexico in November. All were factors in record prices. The focus now turns to 2025, and...

feed-grains soy-oilseeds wheat

Market Commentary: Comfortable, With Jitters

There was generally low volume in grains today as traders await USDA’s important reports on Friday. There is no reason to spend more money on fees or commissions after spending several days aligning with the perceived outcomes. At the same time, market noise does not completely stop and there i...

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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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