World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Old Crop Futures Hit Decision Point

The CBOT traded a volatile day with overnight weakness leading to a selling spike as the day session started. That weakness, however, was quickly met with end-user buying, bottom-picking, and short-covering that boosted spot corn and soy complex futures while adding strength to wheat markets more broadly. Fresh news was light, but the U.S. weather forecast remains hot and dry for the central and eastern Corn Belt over the next 10 days, which helped create some “weather risk” buying. Funds were net buyers in corn, wheat, and the soy complex, though the activity was heavily focused on old crop futures. The CBOT seems to be hanging on a decision point where futures – and old crop markets in particular - need to decide whether...

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livestock

Cattle on Feed for Nov 1, 2025

U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.7 million head on November 1, 2025. The inventory was 2 percent below November 1, 2024.  Placements in feedlots during October totaled 2.04 million head, 10 percent below 2024.  Marketings of fed cattle dur...

feed-grains soy-oilseeds wheat

Market Commentary: Taking Back Yesterday’s Losses

The CBOT was mostly higher on Tuesday with rumors of Chinese soybean buying and strong performance in equity markets boosting trader sentiment. Tuesday’s trade seemed to reflect the typical pre-Thanksgiving glide into low-volume, low-volatility trade that often dominates the day before an...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.235/bushel, down $0.0025 from yesterday's close.  Mar 26 Wheat closed at $5.3925/bushel, up $0.045 from yesterday's close.  Jan 26 Soybeans closed at $11.2475/bushel, up $0.015 from yesterday's close.  Jan 26 Soymeal closed at $320.4/short ton, up $2.1 fr...

livestock

Cattle on Feed for Nov 1, 2025

U.S. Cattle on Feed in feedlots with capacity of 1,000 or more head totaled 11.7 million head on November 1, 2025. The inventory was 2 percent below November 1, 2024.  Placements in feedlots during October totaled 2.04 million head, 10 percent below 2024.  Marketings of fed cattle dur...

feed-grains soy-oilseeds wheat

Market Commentary: Taking Back Yesterday’s Losses

The CBOT was mostly higher on Tuesday with rumors of Chinese soybean buying and strong performance in equity markets boosting trader sentiment. Tuesday’s trade seemed to reflect the typical pre-Thanksgiving glide into low-volume, low-volatility trade that often dominates the day before an...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.235/bushel, down $0.0025 from yesterday's close.  Mar 26 Wheat closed at $5.3925/bushel, up $0.045 from yesterday's close.  Jan 26 Soybeans closed at $11.2475/bushel, up $0.015 from yesterday's close.  Jan 26 Soymeal closed at $320.4/short ton, up $2.1 fr...

livestock

Cattle on Feed Report Shows Record Low Placements for October

USDA’s monthly Cattle on Feed report was released on Friday. Total cattle on feed amounted to 11.7 million head, 98 percent of last year.    Placements were the lowest for the month of October since the series began in 1996, dropping 10 percent on the year due to tight supply o...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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