World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Turnaround Tuesday Doesn’t Change Bullish Backdrop

Bull markets need to be constantly “fed” with news and when that feeding slows or lapses, the rally does too. That’s largely what happened at the CBOT on Tuesday with a quiet day for fundamental news allowing markets to pull back with mild profit taking and slight corrective price action. Prices didn’t stray far from their recent highs, however, a sign that bulls remain engaged and bears on the defensive. The reasons for this, of course, are the heightened political volatility in the Black Sea and Ukraine’s dwindling export opportunities as well as the hot, dry U.S. weather forecast. USDA’s Crop Conditions report on Monday didn’t offer many surprises and the market is now largely waiting to see what...

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 5 May)

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 Leads Grains Lower on Fund Selling; Cattle Hit New Highs Again

Except for the cattle markets, the CBOT was sharply lower to start the week with trade policy, favorable weather, and weak technicals and large noncommercial short positions weighing on market sentiment. Cattle futures managed to rise to new all-time highs after last week’s record-breakin...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.5425/bushel, down $0.1475 from yesterday's close.  Jul 25 Wheat closed at $5.3125/bushel, down $0.1175 from yesterday's close.  Jul 25 Soybeans closed at $10.455/bushel, down $0.125 from yesterday's close.  Jul 25 Soymeal closed at $295.5/short ton, down...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 5 May)

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 Leads Grains Lower on Fund Selling; Cattle Hit New Highs Again

Except for the cattle markets, the CBOT was sharply lower to start the week with trade policy, favorable weather, and weak technicals and large noncommercial short positions weighing on market sentiment. Cattle futures managed to rise to new all-time highs after last week’s record-breakin...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.5425/bushel, down $0.1475 from yesterday's close.  Jul 25 Wheat closed at $5.3125/bushel, down $0.1175 from yesterday's close.  Jul 25 Soybeans closed at $10.455/bushel, down $0.125 from yesterday's close.  Jul 25 Soymeal closed at $295.5/short ton, down...

Trade Policy Contradictions

There are numerous trade policy contradictions, both between the U.S. and other countries, and within U.S. politics. Internationally, China worries about its import dependence for oil and food, investing heavily in alternative energy and domestic food production while encouraging livestock prod...

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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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