World Perspectives
wheat

WASDE Wheat Jan 2025

USDA’s January estimate is for unchanged U.S. wheat exports of 850 million bushels. Projected 2024/25 ending stocks are raised 3 million bushels to 798 million, up 15 percent from last year. The season-average farm price of wheat is reduced by $0.05 per bushel to $5.55.World trade is 1.7 million tons lower at 212.0 million on decreased exports for Russia and Ukraine. Projected 2024/25 global ending stocks are raised 0.9 million tons to 258.8 million, primarily on increases for Russia, Brazil, Nigeria, and Ukraine more than offsetting reductions for Turkey, China, and Indonesia. ...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn Posts Bullish Reversal while Soy, Wheat Slip Lower

Monday’s trade at the CBOT was interesting with corn, soybeans, and wheat all rallying off fresh contract or selloff lows overnight, but only corn holding onto those gains by the closing bell. For corn futures, the market seemed to be more focused on the USDA’s ending stocks figure...

States’ Rights and Hypocrisy; Purple Hair, Not Purple Food

States’ Rights and Hypocrisy Texas has become the seventh state to prohibit food products cultured from animal cells. Another half dozen states are considering legislative restrictions on these products, often at the behest of the agriculture sector. Bloomberg produced the map below on st...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, up $0.0575 from yesterday's close.  Sep 25 Wheat closed at $5.415/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.07/bushel, down $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $281.7/short ton, down $1.9 f...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Posts Bullish Reversal while Soy, Wheat Slip Lower

Monday’s trade at the CBOT was interesting with corn, soybeans, and wheat all rallying off fresh contract or selloff lows overnight, but only corn holding onto those gains by the closing bell. For corn futures, the market seemed to be more focused on the USDA’s ending stocks figure...

States’ Rights and Hypocrisy; Purple Hair, Not Purple Food

States’ Rights and Hypocrisy Texas has become the seventh state to prohibit food products cultured from animal cells. Another half dozen states are considering legislative restrictions on these products, often at the behest of the agriculture sector. Bloomberg produced the map below on st...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, up $0.0575 from yesterday's close.  Sep 25 Wheat closed at $5.415/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.07/bushel, down $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $281.7/short ton, down $1.9 f...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 14 July)

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

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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