World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Weather Premia Withdrawn; Trade Talks Make Progress

CBOT futures saw mixed trade Tuesday with summer row crops pulling back amid a favorable Midwest weather forecast while wheat turned higher on slow sales from Russia. Corn and soybeans saw weaker trade develop overnight after the Crop Conditions report was positive and the weather forecasts continued to show positive patterns for the Midwest. That weakness continued into the day session and resulted in corn giving back about half its recent gains. Wheat futures managed to push higher on concerns about the slow pace of Russian farmer selling and export shipments, though there were hints of bullish commercial activity as well. Livestock futures were firmer as well but held a mixed tone for the day as traders question the market’s next m...

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Ready for War; Deals Trickly In

Ready for War Europe has not won a kinetic war without U.S. help, but one German official quoted by the Wall Street Journal boasted, “If they [U.S.] want war, they will get war.” Admittedly, Europe has been far better at defensive trade policy than it has been at fighting Russian ag...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, down $0.0425 from yesterday's close.  Sep 25 Wheat closed at $5.495/bushel, up $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.005 from yesterday's close.  Dec 25 Soymeal closed at $286.8/short ton, up $2 from...

livestock

Egg Report Analysis

The July CPI showed that retail egg prices have steadily dropped this year, down 7.4 percent from June, but still remain 27.3 percent higher than last year. Through January 2025, the egg industry has 8 percent fewer laying hens compared to three years prior. During that time, approximately 100...

Ready for War; Deals Trickly In

Ready for War Europe has not won a kinetic war without U.S. help, but one German official quoted by the Wall Street Journal boasted, “If they [U.S.] want war, they will get war.” Admittedly, Europe has been far better at defensive trade policy than it has been at fighting Russian ag...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, down $0.0425 from yesterday's close.  Sep 25 Wheat closed at $5.495/bushel, up $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.005 from yesterday's close.  Dec 25 Soymeal closed at $286.8/short ton, up $2 from...

livestock

Egg Report Analysis

The July CPI showed that retail egg prices have steadily dropped this year, down 7.4 percent from June, but still remain 27.3 percent higher than last year. Through January 2025, the egg industry has 8 percent fewer laying hens compared to three years prior. During that time, approximately 100...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region A BRICS spokesman said that in light of the consolidation of companies in the grain trade, “BRICS countries must cooperate in antitrust policy and antitrust legislation” for the international grain trade. The feeling s...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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