World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Liberation Day Pressures Grains but Cattle Rally to New Highs

President Trump declared 2 April as “Liberation Day” for U.S. trade policy, which is funny because the policies have nothing to do with liberating trade. That contradiction was not lost on the grain markets, which are facing retaliatory tariffs from major import markets, and futures pushed broadly lower in response. The tariff news wasn’t a surprise for markets, but that the day came without any last-minute stays or reductions in the tariffs still pressured futures. Too, there was a general lack of news for the day, which WPI readers will know is never good for bullish sentiments. Corn, SRW wheat, soybeans and soymeal all pushed lower for the day with soymeal scoring new contract lows as U.S. supplies ballon. The big winne...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.6025/bushel, up $0.08 from yesterday's close.  May 26 Wheat closed at $5.9475/bushel, up $0.0375 from yesterday's close.  May 26 Soybeans closed at $12.14/bushel, up $0.1225 from yesterday's close.  May 26 Soymeal closed at $315.4/short ton, up $0.9 from...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2–6 March 2026 During the week of 02–06 March, the Russian grains market stabilized and showed early signs of recovery across most grains, while pulses remained weak. The developing bullish tone reflects geopolitical developments and movements in global commod...

FOB Prices and Freight Rates App (Updated 11 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.6025/bushel, up $0.08 from yesterday's close.  May 26 Wheat closed at $5.9475/bushel, up $0.0375 from yesterday's close.  May 26 Soybeans closed at $12.14/bushel, up $0.1225 from yesterday's close.  May 26 Soymeal closed at $315.4/short ton, up $0.9 from...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2–6 March 2026 During the week of 02–06 March, the Russian grains market stabilized and showed early signs of recovery across most grains, while pulses remained weak. The developing bullish tone reflects geopolitical developments and movements in global commod...

FOB Prices and Freight Rates App (Updated 11 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Market Commentary: Oil Volatility Drives CBOT More than WASDE

Usually, the day USDA releases its monthly world supply and demand report – known colloquially as “WASDE day” – sees heightened volatility in CBOT ag futures. That was true again Tuesday, though there was little causal connection between the WASDE and the market’s...

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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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