World Perspectives
soy-oilseeds

Oilseed Highlights: Soy Changes in USDA WASDE Report; Soy Export Sales; Argentine Takeover of Vicentin

Today’s USDA WASDE report did not include any major unexpected changes in the supply and demand situation for the soy sector. U.S. soybean exports in 2019/20 were reduced, but U.S. soybean crush was increased as were U.S. soyoil exports. Overall, the report was relatively neutral to slightly positive. Some of the more significant changes in the report were the following for MY 2019/20: U.S. soybean production in 2019 was reduced by 5 million bushels (96.68 MMT) after resurveying producers in the northern plains.  U.S. soybean exports were reduced by 25 million bushels to 1.65 billion bushels (44.91 MMT). That was expected based on the slow pace of U.S. soybean export thus far. U.S. soybean crush was increased by 1...

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Market Commentary: General Equilibrium with Weather and War

Outside markets continued their reversal higher following the rescission of President Trump’s tariff threats against Europe. Ukraine’s grain exports are stymied by Russian attacks, with both sides seemingly inching forward on talks, but a survey of former diplomats shows 80 percent...

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2026 Outlook: Market Home Runs Unlikely, Use Risk Management to Stay at Bat This Year

With the spring planting effort just around the corner, producers and traders are starting to get a handle on the outlook for the coming marketing year. That outlook suffered a bit of a shock following the January WASDE report, as USDA reiterated the large-supply narrative for U.S. and world gr...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report for January will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 96.8 percent of last year, with the range of estimates between 96 and 97.6 percent of 1 January 2024. Those estimates imply...

feed-grains soy-oilseeds wheat

Market Commentary: General Equilibrium with Weather and War

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feed-grains soy-oilseeds wheat

2026 Outlook: Market Home Runs Unlikely, Use Risk Management to Stay at Bat This Year

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livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report for January will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 96.8 percent of last year, with the range of estimates between 96 and 97.6 percent of 1 January 2024. Those estimates imply...

Transportation and Export Report - January 22, 2026

WPI is pleased to release the third week of the Transportation and Export Report, a weekly industry publication previously produced by ocean freight specialist Jay O’Neil. This report, which WPI recently acquired, will strengthen WPI’s coverage of global ocean freight markets by bui...

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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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