World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Hot but it’s Not

For the bull’s, let us count the ways:

Midwest weather has turned back hot and dry. Russia is blowing up Ukraine’s grain export capacity; the IGC tightened its global wheat and rice stock numbers; China’s economy is in doubt; and the Fed may not be finished raising rates. 

We try to use data to understand markets and not just intuition, but at the same time, humans prefer there be a human somewhere in the loop. Both data and humans have been caught in the same loop for weeks and the result has been a slow but steady slide, but mostly sideways. Today was more of the same. Trading ranges were generally narrow, and trading volume was modest, except in bean oil and feeder cattle.   

Crop progress re...

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feed-grains soy-oilseeds wheat

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May 26 Corn closed at $4.4375/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.6825/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.695/bushel, down $0.01 from yesterday's close.  May 26 Soymeal closed at $309.9/short ton, down $...

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Black Sea Regional Analysis

Russian Grain Markets: 23–27 February 2026 The Russian grain market turned bearish during the final week of February as global trends and heavy domestic stocks pressured values across most regions. According to updated 2025 crop data from Rosstat, total grain production reached 141.15 mil...

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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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