World Perspectives
wheat softs

Tangential Rice Market Impacts

Given current tight global rice stocks and high prices (see graph below), the question is how much wheat will be substituted for food or feed use. Rice prices have dropped since their peak early this year, but wheat is still 35 percent cheaper by weight than rice as a food grain. It is one reason why the uptake of wheat in East Asia has been growing at twice the rate of rice consumption. Technically, wheat imports are up 7 percent this year in South America but are down 8 percent into East Asia. Any increase in wheat for feed due to higher rice prices is likely limited. This is because rice is precious as a food crop and the amount used in the feed ration is limited. One study suggests that on average, 6 – 10 percent of global rice o...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4475/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.3575/bushel, down $0.045 from yesterday's close.  Jan 26 Soybeans closed at $11.0525/bushel, down $0.1425 from yesterday's close.  Jan 26 Soymeal closed at $307.4/short ton, down...

feed-grains soy-oilseeds wheat

2026 Acreage Outlook: Expected Crop Shifts Diminishing

WPI’s second fall acreage forecasts for the 2026 U.S. crop year show producers executing a mild expansion of soybean acres that will not quite offset corn area losses while simultaneously reducing wheat area. Producers are also expected to keep minor crop acreage essentially unchanged, wh...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Session and More Ahead

Corn and soybeans traded much the way they did in the overnight session, though wheat posted something of a reversal. There were flash sales of corn to Mexico and Colombia but no new soybeans sales, which was bearish.  Treasury Secretary Scott Bessent, who is reportedly rising as a lead po...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4475/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.3575/bushel, down $0.045 from yesterday's close.  Jan 26 Soybeans closed at $11.0525/bushel, down $0.1425 from yesterday's close.  Jan 26 Soymeal closed at $307.4/short ton, down...

feed-grains soy-oilseeds wheat

2026 Acreage Outlook: Expected Crop Shifts Diminishing

WPI’s second fall acreage forecasts for the 2026 U.S. crop year show producers executing a mild expansion of soybean acres that will not quite offset corn area losses while simultaneously reducing wheat area. Producers are also expected to keep minor crop acreage essentially unchanged, wh...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Session and More Ahead

Corn and soybeans traded much the way they did in the overnight session, though wheat posted something of a reversal. There were flash sales of corn to Mexico and Colombia but no new soybeans sales, which was bearish.  Treasury Secretary Scott Bessent, who is reportedly rising as a lead po...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4725/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.4025/bushel, up $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.195/bushel, up $0.0375 from yesterday's close.  Jan 26 Soymeal closed at $311.2/short ton, down $0.1 fr...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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