World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Stocks Report Gives Bears the Upper Hand as Chart Support Erodes

Bears regained control at the CBOT on Tuesday after the USDA’s quarterly Grain Stocks report found more corn, wheat, and sorghum supplies than traders and analysts expected. The findings are even more consequential as the U.S. heads towards a massive 2025 corn harvest and a soybean crop that could also surpass expectations. Larger production was behind the wheat stocks figure, with USDA increasing the HRW and SRW crops in the Small Grains Summary report, the added production of which landed squarely in the 1 September stocks data. The stocks data was neutral soybeans, but the market pushed into the red with pressure mounting from outside influences. The only market where bulls had fun Tuesday was in cattle futures, where cheaper grain...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Firm on Bull Spreading (and Exports?); Cattle Hit New Highs

The CBOT was mostly firmer on Wednesday with rumors circulating that export business is getting done – perhaps aggressively – without the USDA to publish the daily “flash” export sales report. Bull spreading in corn and soybeans likely belies this activity, as does the r...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.22/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.0725/bushel, up $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.295/bushel, up $0.075 from yesterday's close.  Dec 25 Soymeal closed at $278/short ton, up $1.1 from yes...

Animal Welfare Metrics; Transatlantic NTB’s; More Elegant Trade Rules

Animal Welfare Metrics The U.S. Justice Department is suing California over its Prop 12 animal welfare standards adversely impacting hog and poultry producers in other states. For some, the suit is a rejection of federalism (states rights) even as the Trump Administration seeks to defang Washin...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Firm on Bull Spreading (and Exports?); Cattle Hit New Highs

The CBOT was mostly firmer on Wednesday with rumors circulating that export business is getting done – perhaps aggressively – without the USDA to publish the daily “flash” export sales report. Bull spreading in corn and soybeans likely belies this activity, as does the r...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.22/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.0725/bushel, up $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.295/bushel, up $0.075 from yesterday's close.  Dec 25 Soymeal closed at $278/short ton, up $1.1 from yes...

Animal Welfare Metrics; Transatlantic NTB’s; More Elegant Trade Rules

Animal Welfare Metrics The U.S. Justice Department is suing California over its Prop 12 animal welfare standards adversely impacting hog and poultry producers in other states. For some, the suit is a rejection of federalism (states rights) even as the Trump Administration seeks to defang Washin...

feed-grains soy-oilseeds wheat

U.S. 2025/26 Crop Balance Sheets Growing Heavy

WPI’s latest forecasts for the U.S. corn, soybean, wheat, and sorghum markets in 2025/26 are increasingly leaning bearish due to expected larger supplies and, except for corn, weaker demand. China’s continued absence from the soybean and sorghum markets is a major headwind for the a...

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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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