World Perspectives
wheat

WASDE Wheat

USDA raised U.S. wheat production 14 million bushels to 1,838 million as increased Hard Red Spring (HRS) and Durum production more than offsets lower winter wheat production as indicated by the NASS August 12 Crop Production report.  Projected 2020/21 exports are raised 25 million bushels to 975 million on lower production for several key competitors, most notably the EU.  With offsetting supply changes and increased use, ending stocks are lowered 17 million bushels to 925 million.  If realized, these will be the lowest U.S. wheat ending stocks in 6 years.  However, the season-average farm price is decreased $0.10 per bushel to $4.50 on lower U.S. corn prices and reduced wheat price expectations for the remainder of the...

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Market Commentary: Court Ruling Rattles Markets; Corn Rallies on Export Demand

The CBOT was sharply lower to start the holiday-shortened trading week with Friday’s ruling that President Trump’s tariffs may be illegal throwing ag and other markets into confusion. The ruling makes unclear the outlook for negotiating further trade deals – or even continuing...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.23/bushel, up $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, down $0.06 from yesterday's close.  Nov 25 Soybeans closed at $10.41/bushel, down $0.135 from yesterday's close.  Dec 25 Soymeal closed at $283.8/short ton, down $5.2 fr...

SCO versus West

Instead of focusing on foes, the transatlantic alliance needs to remediate itself. Media reactions to this past weekend’s Shanghai Cooperation Council was telling. The New York Times was shocked that Russian President Vladimir Putin has “friends.” CNN called it “stark op...

feed-grains soy-oilseeds wheat

Market Commentary: Court Ruling Rattles Markets; Corn Rallies on Export Demand

The CBOT was sharply lower to start the holiday-shortened trading week with Friday’s ruling that President Trump’s tariffs may be illegal throwing ag and other markets into confusion. The ruling makes unclear the outlook for negotiating further trade deals – or even continuing...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.23/bushel, up $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, down $0.06 from yesterday's close.  Nov 25 Soybeans closed at $10.41/bushel, down $0.135 from yesterday's close.  Dec 25 Soymeal closed at $283.8/short ton, down $5.2 fr...

SCO versus West

Instead of focusing on foes, the transatlantic alliance needs to remediate itself. Media reactions to this past weekend’s Shanghai Cooperation Council was telling. The New York Times was shocked that Russian President Vladimir Putin has “friends.” CNN called it “stark op...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 2 September)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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