World Perspectives
energy

Strategic Petroleum Reserve: Half Full or Half Empty?

On 29 July, the U.S. Department of Energy (DOE) announced that it has purchased 4.65 million barrels of crude oil to be delivered to the Strategic Petroleum Reserve (SPR) between October and December 2024.  With this latest round, DOE has purchased 43.25 million barrels to replenish the SPR after emergency releases in 2022 to lower the cost of oil and gasoline. In its announcement, DOE stated that the full amount of 180 million barrels sold “following the unprecedented Russian war against Ukraine” have been “secured.” However, 140 million barrels come from long planned releases through 2027 that were cancelled in late 2022, thus there is not likely to be any market reaction to this announcement. Here's the back...

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WPI Transportation Report

Dry Bulk Markets  Dy bulk markets were mixed this week with the Capesize sector sliding lower as geopolitical uncertainty in the Middle East pushed buyers to the sidelines. The Panamax and Supramax markets saw enough support from Asian demand to sustain last week’s gains. Seasonally,...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.095/bushel, down $0.0075 from yesterday's close.  Sep 25 Wheat closed at $5.3675/bushel, down $0.0775 from yesterday's close.  Nov 25 Soybeans closed at $10.165/bushel, down $0.02 from yesterday's close.  Jul 25 Soymeal closed at $270.9/short ton, down $5...

feed-grains soy-oilseeds wheat

Market Commentary: More Declines But They Slowed

The bleeding didn’t stop, but it slowed down today. Although corn and soybeans were up in the overnight and opened that way this morning, it didn’t last. It has been a very bearish week, though the declines were much shallower today than in previous days. While soybeans and wheat we...

WPI Transportation Report

Dry Bulk Markets  Dy bulk markets were mixed this week with the Capesize sector sliding lower as geopolitical uncertainty in the Middle East pushed buyers to the sidelines. The Panamax and Supramax markets saw enough support from Asian demand to sustain last week’s gains. Seasonally,...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.095/bushel, down $0.0075 from yesterday's close.  Sep 25 Wheat closed at $5.3675/bushel, down $0.0775 from yesterday's close.  Nov 25 Soybeans closed at $10.165/bushel, down $0.02 from yesterday's close.  Jul 25 Soymeal closed at $270.9/short ton, down $5...

feed-grains soy-oilseeds wheat

Market Commentary: More Declines But They Slowed

The bleeding didn’t stop, but it slowed down today. Although corn and soybeans were up in the overnight and opened that way this morning, it didn’t last. It has been a very bearish week, though the declines were much shallower today than in previous days. While soybeans and wheat we...

livestock

Livestock Roundup: Hogs and Pigs Report

USDA released its quarterly Hogs and Pigs report today. The numbers were in line with pre-report expectations. The inventory of all hogs and pigs on 1 June was 75.1 million head. This was up slightly from 1 June 2024, and up 1 percent from 1 March 2025. Breeding inventory, at 5.98 million head...

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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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