World Perspectives
feed-grains soy-oilseeds wheat

Time to Exit Some of Your Spreads

Recall that soybean futures were trading below $6.00 per bushel in the fall of 2006. Within about two years, soybean contracts had rallied about $10 per bushel as U.S. ethanol policy was implemented, and there was a corresponding shortfall in global wheat production. The simultaneous rallies in the soy complex, corn and wheat contracts suddenly turned and performed a nose-dive into 2009, as traders with large positions were forced to exit due to the financial crisis and increasing production. A number of end-users of grains and oilseeds sighed with relief and assumed that the markets had just undergone an exaggerated, but temporary, spike in prices. They were glad that was over. Then prices again rebounded as adverse weather struck the U...

Related Articles
feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.535/bushel, up $0.0975 from yesterday's close.  May 26 Wheat closed at $5.8375/bushel, up $0.155 from yesterday's close.  May 26 Soybeans closed at $11.7925/bushel, up $0.0975 from yesterday's close.  May 26 Soymeal closed at $309.3/short ton, down $0.6 f...

feed-grains soy-oilseeds wheat

Market Commentary: Middle East Turmoil Keeps Commodities Higher

War-related upward pressure in petroleum prices continues to provide support to grain prices. Brent crude oil hit $85/barrel and WTI crude rose 8.5 percent, its biggest jump since July 2024 and the first time above $80/barrel in over a year. HRW hit its highest price in a year, corn broke throu...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 20-26, 2026. Wheat: Net sales of 203,100 metric tons (MT) for 2025/2026 were down 16 percent from the previous week and 42 percent from the prior 4-week average. Export shipments of 348,900 MT were down 35 percent from the previous week and 24 percent fro...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.535/bushel, up $0.0975 from yesterday's close.  May 26 Wheat closed at $5.8375/bushel, up $0.155 from yesterday's close.  May 26 Soybeans closed at $11.7925/bushel, up $0.0975 from yesterday's close.  May 26 Soymeal closed at $309.3/short ton, down $0.6 f...

feed-grains soy-oilseeds wheat

Market Commentary: Middle East Turmoil Keeps Commodities Higher

War-related upward pressure in petroleum prices continues to provide support to grain prices. Brent crude oil hit $85/barrel and WTI crude rose 8.5 percent, its biggest jump since July 2024 and the first time above $80/barrel in over a year. HRW hit its highest price in a year, corn broke throu...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 20-26, 2026. Wheat: Net sales of 203,100 metric tons (MT) for 2025/2026 were down 16 percent from the previous week and 42 percent from the prior 4-week average. Export shipments of 348,900 MT were down 35 percent from the previous week and 24 percent fro...

livestock

Livestock Round Up: Preview of Feedlot Placements and Changing Canada Dynamics

Feeder cattle sales were up over a year ago in February, but much of that was due to February 2025 sales being light. Still, the increase in activity bears watching, both for what it implies about feedlot placements and for herd rebuilding.  In the four weeks ending February 27, total feed...

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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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