World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Trend Reversals to Start the Week

The CBOT’s Monday trade saw two notable reversals from the recent week’s trends. The first was the strength in soybean futures, which erased all last week’s losses on Monday due to more hot, dry weather for central and northern Brazil. The second reversal was in wheat where funds took a neutral WASDE as a sign the recent rally wasn’t really justified and swiftly sold the market. Wheat futures posted 20- and 30-cent declines, respectively, in the SRW and HRW futures markets in a signal that the former rally is now over. Corn futures were lower for the day in relatively quiet trade but look to be swinging lower towards trading range support. Funds were net sellers in grains for the day and strong net buyers across the...

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feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 5 – 9 May 2025 Crop Outlook 2025 Russian analysts from IKRAR increased the wheat production forecast in Russia by 1.3 MMT to reach 83.8 MMT. They attribute the upgrade to rains in the wheat belt of Russia during the first 10 days of May. As a result, they also revis...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 5 – 9 May 2025 Crop Outlook 2025 Russian analysts from IKRAR increased the wheat production forecast in Russia by 1.3 MMT to reach 83.8 MMT. They attribute the upgrade to rains in the wheat belt of Russia during the first 10 days of May. As a result, they also revis...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

Phase II Deal; EU Strategy; Mimicking EU

Phase II Deal U.S. Treasury Secretary Scott Bessent suggested that a phase-one deal may be a model for trade talks with China. It may be the only model that would help U.S. farmers. Brazil still has a price edge on soybeans, and even a 10 percent tariff is enough to price out U.S. commodities...

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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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