World Perspectives
feed-grains soy-oilseeds wheat

Signals of Easing Tariff Plans Lift CBOT Off Recent Lows

CBOT markets were higher after hints of tariff relief for Canada and Mexico emerged from Washington, D.C. Tuesday night and early Wednesday. White House spokesperson Karoline Leavitt said President Trump was “open” to additional tariff exemptions beyond the pause in levies for auto manufacturers who comply with the USMCA. That allowed CBOT futures to recover somewhat from their recent selloffs, though fund buying remained light throughout the day. Trading had the feel of a corrective bounce with support developing at key technical levels in corn, wheat, and soybeans. The fundamental, long-term outlooks remain mostly bearish for the major commodities even as near-term technicals turn sightly more supportive.  U.S. stocks ral...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.5775/bushel, down $0.04 from yesterday's close.  May 25 Wheat closed at $5.3925/bushel, down $0.0125 from yesterday's close.  May 25 Soybeans closed at $10.295/bushel, down $0.0475 from yesterday's close.  May 25 Soymeal closed at $287.2/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Liberation Day Pressures Grains but Cattle Rally to New Highs

President Trump declared 2 April as “Liberation Day” for U.S. trade policy, which is funny because the policies have nothing to do with liberating trade. That contradiction was not lost on the grain markets, which are facing retaliatory tariffs from major import markets, and futures...

“Reciprocal” Tariffs; Apocalypse Day, or Not; Misdirection

“Reciprocal” Tariffs President Trump’s political opponents acknowledge he is a great marketer and his multi-day hype of a “Liberation Day” came to a head today with the announcement of a minimum 10 percent import tariff and rates at generally half those charged by...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.5775/bushel, down $0.04 from yesterday's close.  May 25 Wheat closed at $5.3925/bushel, down $0.0125 from yesterday's close.  May 25 Soybeans closed at $10.295/bushel, down $0.0475 from yesterday's close.  May 25 Soymeal closed at $287.2/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Liberation Day Pressures Grains but Cattle Rally to New Highs

President Trump declared 2 April as “Liberation Day” for U.S. trade policy, which is funny because the policies have nothing to do with liberating trade. That contradiction was not lost on the grain markets, which are facing retaliatory tariffs from major import markets, and futures...

“Reciprocal” Tariffs; Apocalypse Day, or Not; Misdirection

“Reciprocal” Tariffs President Trump’s political opponents acknowledge he is a great marketer and his multi-day hype of a “Liberation Day” came to a head today with the announcement of a minimum 10 percent import tariff and rates at generally half those charged by...

FOB Prices and Freight Rates App (Updated 2 April)

Transportation and Freight Market Comments - 28 March 2025 By Matt Herrington Dry-Bulk Ocean Freight Dry bulk freight markets were mostly steady or slightly higher this week with steady improvements in demand for spot U.S. cargoes and for grains from the East Coast of South America. The industr...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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