World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Spreads Show Diverging Trends; Cold Storage Bullish Livestock Futures

The CBOT was mostly lower in quiet, pre-holiday trade with traders liquidating positions ahead of the coming Thanksgiving vacation day. Corn, wheat, and soybeans all moved lower amid mild profit taking and fund selling, despite a pullback in the U.S. dollar that offered a modest boost to U.S. export competitiveness. At this juncture, traders are taking risk off the table and paring positions down before the holiday, which will continue to lean bearish the grain markets. The only major ag market to post meaningful gains was soyoil, which received a boost from a second day of recovery in crude oil. Trading volume and price action will likely remain muted this week with many traders taking time off on Wednesday and Friday. Note that CBOT grain...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 6-12, 2026. Wheat: Net sales of 189,900 metric tons (MT) for 2025/2026 were down 58 percent from the previous week and 36 percent from the prior 4-week average. Export shipments of 383,100 MT were down 11 percent from the previous week and 7 percent from the...

feed-grains soy-oilseeds biofuel

45Z: The Next Big Thing or the Next Big Mess?

The U.S. Treasury Department is (still!) working on the Section 45Z Clean Fuel Production Tax Credit.  The broad legislative effort for the act was launched in President Biden’s Inflation Reduction Act and picked up with some significant adjustments in President Trump’s One Big...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for March will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.5 million head. The pre-report estimates were spl...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 6-12, 2026. Wheat: Net sales of 189,900 metric tons (MT) for 2025/2026 were down 58 percent from the previous week and 36 percent from the prior 4-week average. Export shipments of 383,100 MT were down 11 percent from the previous week and 7 percent from the...

feed-grains soy-oilseeds biofuel

45Z: The Next Big Thing or the Next Big Mess?

The U.S. Treasury Department is (still!) working on the Section 45Z Clean Fuel Production Tax Credit.  The broad legislative effort for the act was launched in President Biden’s Inflation Reduction Act and picked up with some significant adjustments in President Trump’s One Big...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for March will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.5 million head. The pre-report estimates were spl...

feed-grains soy-oilseeds wheat

Summary of Futures

Please see the attached summary sheet - page one: ...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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