World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Tick Tock on South American Weather

TikTok is still operating but the tick tock on South American will eventually run out of time. Notable developments today included a lower open, but still plenty of strength. Corn remains up about a nickel for the week, beans up more than 30-cents and while wheat dipped today, the large gains last Friday and Tuesday largely hold. Live and feeder cattle hit new contract highs.  Regardless of the weather, competition from South America is increasing. Argentine President and libertarian Javier Milei cut his country’s export tax on soymeal and oil from 31 percent to 24.5 percent, while reducing the export levy on soybeans from 33 percent to 26 percent and on corn from 12 percent to 9.5 percent. The reductions only last through June a...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn Defies Red Trend at CBOT

The CBOT started the new week on a mixed note with wheat and soybeans turning lower while corn strengthened for the fourth straight day. Technical action was mixed as funds covered corn shorts but expanded bearish positions in wheat and, to a lesser extent, the soy complex. Fresh news was light...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.065/bushel, up $0.0125 from yesterday's close.  Sep 25 Wheat closed at $5.0275/bushel, down $0.0375 from yesterday's close.  Nov 25 Soybeans closed at $10.4125/bushel, down $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $291.8/short ton, down $...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 18 August)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Defies Red Trend at CBOT

The CBOT started the new week on a mixed note with wheat and soybeans turning lower while corn strengthened for the fourth straight day. Technical action was mixed as funds covered corn shorts but expanded bearish positions in wheat and, to a lesser extent, the soy complex. Fresh news was light...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.065/bushel, up $0.0125 from yesterday's close.  Sep 25 Wheat closed at $5.0275/bushel, down $0.0375 from yesterday's close.  Nov 25 Soybeans closed at $10.4125/bushel, down $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $291.8/short ton, down $...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 18 August)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

farm-inputs

Oil Cost and Input Forecast

According to the latest Short Term Energy Outlook (STEO), U.S. petroleum production is forecast to hit 13.41 million barrels per day (bpd) in 2025 due primarily to improved well productivity.  Increased supply will lower prices in 2026 and result in a fall in output to 13.28 million bpd in...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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