World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grains Gain but Lack Conviction; More All-Time Highs for Cattle

The CBOT turned higher on Tuesday in what was mostly a technically driven corrective bounce. With South America’s weather still not perfect and various harvest/planting delays ongoing, there is a need to maintain some risk premium in prices. At the same time, however, overall supplies (especially for soybeans) seem adequate, and exports are not offering any surprises, so bears are content to hold their positions as well. That meant Tuesday’s grain trade saw higher trade but without conviction or much fundamental support. The only grain markets to see notable strength was an overnight rally in Paris wheat on fears about the Black Sea crop helped the U.S. markets push about 10 cents higher. Of course, if one is looking for a more...

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WPI Transportation Report

Dry Bulk Ocean Freight  Dry bulk freight markets saw strength emerge this week with the Capesize sector rallying in early trade, but giving up some of those gains at the week’s end. Panamax and Supramax markets pushed higher initially as well, but now look like they will head sideway...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for May 30-June 5, 2025 Wheat: Net sales of 388,900 metric tons (MT) for the 2025/2026 marketing year, which began June 1. Export shipments for June 1-5 of 115,700 MT were to the Philippines (57,500 MT), Taiwan (33,000 MT), Mexico (19,000 MT), the Dominican Republic (...

feed-grains soy-oilseeds wheat

Market Commentary: Expectations Mostly Met

There were no shocks in today’s June USDA WASDE report, just tweaks that were generally within expectations. Corn, soybeans, soymeal, wheat, and cattle all pretty much settled in the same direction they were at just prior to the report’s release. It is important to note that USDA is...

WPI Transportation Report

Dry Bulk Ocean Freight  Dry bulk freight markets saw strength emerge this week with the Capesize sector rallying in early trade, but giving up some of those gains at the week’s end. Panamax and Supramax markets pushed higher initially as well, but now look like they will head sideway...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for May 30-June 5, 2025 Wheat: Net sales of 388,900 metric tons (MT) for the 2025/2026 marketing year, which began June 1. Export shipments for June 1-5 of 115,700 MT were to the Philippines (57,500 MT), Taiwan (33,000 MT), Mexico (19,000 MT), the Dominican Republic (...

feed-grains soy-oilseeds wheat

Market Commentary: Expectations Mostly Met

There were no shocks in today’s June USDA WASDE report, just tweaks that were generally within expectations. Corn, soybeans, soymeal, wheat, and cattle all pretty much settled in the same direction they were at just prior to the report’s release. It is important to note that USDA is...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.385/bushel, up $0.015 from yesterday's close.  Jul 25 Wheat closed at $5.265/bushel, down $0.0775 from yesterday's close.  Jul 25 Soybeans closed at $10.4225/bushel, down $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $294.5/short ton, up $0.3...

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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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