World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: U.S. Weather Shifts Again; WASDE Expectations; Ethanol Margins Climb

The CBOT was mixed at midweek with pre-WASDE positioning once again driving much of the day’s activity. Corn attempted to rally on short covering and continued strength in Dalian futures, but rallies were again capped above $5 by selling pressure. Soybeans and soyoil managed to squeeze out small gains for the day but the rally in soybeans found stiff resistance and the market failed to follow through on Tuesday’s reversal. Wheat futures continue to grind lower with the SRW market posting 20+ cent losses for the day amid fund selling. Fresh news remains somewhat light and American markets are primarily focused on the prospects for larger yields and production in the coming USDA report.  Heading into the August WASDE, trader...

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feed-grains soy-oilseeds wheat

Greenland Tweets Sink Macroeconomic Markets, CBOT and Ags Follow

The CBOT started off in risk-off mode Tuesday as rising U.S./EU tensions and odd dynamics in global macroeconomic markets (the rally in Japanese bond yields, in particular) unnerved investors.  The biggest driver of the risk-off trade was President Trump’s continued – and appar...

China Market Analysis

Economy and Diet The decline in China’s population, with the birthrate falling 17 percent to its lowest since 1949, is likely having some impact on total food consumption. Slower-than-reported economic growth may also be a factor, as 2025 saw lower agricultural prices and fewer imports. M...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq is reported to be facing the “driest year in modern history” due to drought and greatly reduced water flow in the Tigris and Euphrates rivers through Turkey. Forecasters say the 2025/26 wheat crop could be down by...

feed-grains soy-oilseeds wheat

Greenland Tweets Sink Macroeconomic Markets, CBOT and Ags Follow

The CBOT started off in risk-off mode Tuesday as rising U.S./EU tensions and odd dynamics in global macroeconomic markets (the rally in Japanese bond yields, in particular) unnerved investors.  The biggest driver of the risk-off trade was President Trump’s continued – and appar...

China Market Analysis

Economy and Diet The decline in China’s population, with the birthrate falling 17 percent to its lowest since 1949, is likely having some impact on total food consumption. Slower-than-reported economic growth may also be a factor, as 2025 saw lower agricultural prices and fewer imports. M...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq is reported to be facing the “driest year in modern history” due to drought and greatly reduced water flow in the Tigris and Euphrates rivers through Turkey. Forecasters say the 2025/26 wheat crop could be down by...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2375/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.1025/bushel, down $0.0775 from yesterday's close.  Mar 26 Soybeans closed at $10.53/bushel, down $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, up $1.6...

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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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