World Perspectives
wheat

WASDE Wheat

USDA reduced ending stocks of wheat for the 2020/21 season but increased global ending stocks:  U.S. wheat supplies are reduced by 32 million bushels because of lower beginning stocks and reduced production - as indicated in the Grains Stocks and Small Grains Annual Summary reports. (The Grain Stocks report indicated greater first quarter disappearance.)  U.S. wheat exports remain at 975 million bushels.  Projected ending stocks are reduced by 42 million bushels to 883 million, which would be the lowest ending stocks in six years.  The season-average farm price is raised $0.20 per bushel to $4.70 per bushel. The 2020/21 global wheat outlook is for higher ending stocks of 1,072.5 million metric tons – mostly due t...

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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

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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