World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat, Corn Lead CBOT Higher; Cattle Correct Ahead of Inventory Report

The CBOT was mostly higher on Wednesday due to the bullish influences of wheat and corn. The two grains saw support from Black Sea and South American weather impacts, respectively, with production outlooks for both regions falling. That put futures in a bullish mood with funds expanding net longs in corn and continuing to rapidly cover shorts in wheat as the market looks to have reached near-term bottoms. The rally in corn and wheat pulled soybeans and soymeal higher as well, though there was little fresh news for the soy complex specifically. This is the time of year when weather and exports dominate market activity, so clients should expect extra volatility as weather models update their outlooks.  Canada’s canola market is fac...

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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

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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