World Perspectives

WPI Transportation Report

Dry Bulk  Dry bulk markets continue to see diverging trends with the Capesize sector suffering under slack demand for iron ore, coal, and bauxite while Panamax and Supramax markets are higher on improved demand from the Atlantic and the East Coast of South America. Pacific markets have been relatively quiet.  The Capesize FFA 5TC curve jumped sharply higher this week due to new attacks in the Red Sea and “aggressive” buying. The whole curve rose about $20,000/day, which makes a $4,000/day or more contango. The physical markets, however, have made no such similar rally, which makes arbitrage selling look like a likely very successful strategy.  For the Panamax sector, the FFT 4TC curve saw strong buying interest on...

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Dec 25 Corn closed at $4.1225/bushel, down $0.0425 from yesterday's close.  Sep 25 Wheat closed at $5.45/bushel, down $0.095 from yesterday's close.  Nov 25 Soybeans closed at $10.0725/bushel, down $0.065 from yesterday's close.  Dec 25 Soymeal closed at $283.6/short ton, down $1...

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Latest Tariff Threat on Brazil Expected to Hit Beef Prices

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Export Sales

Export Sales and Shipments for June 27-July 3, 2025 Wheat: Net sales of 567,800 metric tons (MT) for 2025/2026 were primarily for South Korea (90,000 MT), Japan (70,000 MT), Mexico (55,900 MT), Malaysia (55,000 MT), and the Philippines (54,400 MT) and were partly offset by reductions for the Do...

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Dec 25 Corn closed at $4.1225/bushel, down $0.0425 from yesterday's close.  Sep 25 Wheat closed at $5.45/bushel, down $0.095 from yesterday's close.  Nov 25 Soybeans closed at $10.0725/bushel, down $0.065 from yesterday's close.  Dec 25 Soymeal closed at $283.6/short ton, down $1...

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Latest Tariff Threat on Brazil Expected to Hit Beef Prices

Brazil, a major ag exporter, significant player in the global economy, and founding member of the BRICS bloc, is now in President Trump’s crosshairs, receiving a “tariff letter” with the threat of 50 percent tariffs.  Imports from Brazil to the U.S. have faced a minimum 1...

feed-grains soy-oilseeds wheat

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Export Sales and Shipments for June 27-July 3, 2025 Wheat: Net sales of 567,800 metric tons (MT) for 2025/2026 were primarily for South Korea (90,000 MT), Japan (70,000 MT), Mexico (55,900 MT), Malaysia (55,000 MT), and the Philippines (54,400 MT) and were partly offset by reductions for the Do...

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Market Commentary: Mostly Higher Ahead of Tomorrow’s WASDE

Wheat spent the session mostly higher while corn, soybeans, and soymeal bounced around treading lower but eking out gains later in the action. Part of this was position squaring ahead of tomorrow’s July WASDE report by USDA. It will be a bull/bear square off with any surprise to the bulli...

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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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