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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feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Rallies on Stocks, Tax Credits; Livestock Futures Gain on Cash Trade

Soyoil was the upside leader in the CBOT’s Tuesday trade after the USDA’s December soyoil stocks figure came in well below expectations. Additionally, the U.S. Treasury Department announced its proposal on the 45Z Clean Fuel tax credits, which were broadly friendly for ag interests...

China Market Analysis

No. 1 Central Document China has released its No. 1 document for 2026, which calls for strengthening the country’s agriculture sector and rural linkages, while enriching rural areas as top priorities. The plan envisions up to 500 special demonstration zones deploying technology and deep r...

Policy Quick Hits

Appropriations. Last Friday, the Senate passed an amended appropriations bill for the remaining FY26 funding shortfall. The measure included a two-week continuing resolution for the Department of Homeland Security (DHS) budget, allowing more time for lawmakers to negotiate further Immigration a...

feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Rallies on Stocks, Tax Credits; Livestock Futures Gain on Cash Trade

Soyoil was the upside leader in the CBOT’s Tuesday trade after the USDA’s December soyoil stocks figure came in well below expectations. Additionally, the U.S. Treasury Department announced its proposal on the 45Z Clean Fuel tax credits, which were broadly friendly for ag interests...

China Market Analysis

No. 1 Central Document China has released its No. 1 document for 2026, which calls for strengthening the country’s agriculture sector and rural linkages, while enriching rural areas as top priorities. The plan envisions up to 500 special demonstration zones deploying technology and deep r...

Policy Quick Hits

Appropriations. Last Friday, the Senate passed an amended appropriations bill for the remaining FY26 funding shortfall. The measure included a two-week continuing resolution for the Department of Homeland Security (DHS) budget, allowing more time for lawmakers to negotiate further Immigration a...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.285/bushel, up $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, up $0.01 from yesterday's close.  Mar 26 Soybeans closed at $10.6575/bushel, up $0.055 from yesterday's close.  Mar 26 Soymeal closed at $291.9/short ton, down $2.6 fro...

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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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