USDA has opened a comment period on its agency reorganization plan. Comments will be accepted until 26 August. The plan is similar to that of the first Tru...
Articles
Market Commentary: Continued Edging Lower on Big Supplies
It was a mixed and quiet close to the market after a week of mostly price declines. There were new contract lows scored by front month SRW and HRS. Soybean...
Tariffs, Mexico Extension, Federal Reserve, and Jobs Report
President Trump signed an executive order yesterday unveiling a massive overhaul of U.S. tariff policy, introducing a series of new tariff rates for U.S. t...
Summary of Futures
Dec 25 Corn closed at $4.1075/bushel, down $0.03 from yesterday's close. Sep 25 Wheat closed at $5.1675/bushel, down $0.065 from yesterday's close.&n...
How Will Soybeans’ Uncertain Outlook Affect Other Commodities?
November soybean futures’ recent move below the psychologically important $10.00 threshold has triggered concerns about weakness there affecting othe...
WPI Grain Transportation Report
Dry Bulk Markets The dry bulk market rally of the past two weeks has ended with rates turning softer this week. The Capesize sector – which lea...
Export Sales
Export Sales and Shipments for July 18-24, 2025 Wheat: Net sales of 592,100 metric tons (MT) for 2025/2026 were down 17 percent from the previous week, but...
Market Commentary: New Highs and Lows, Mixed Volume and Results
December corn closed higher for a second session in a row, no doubt aided by the daily export sales reported by USDA. By contrast and since its recent high...
Livestock Roundup: Cage-Free Egg Trend Complicates HPAI Recovery
USDA released its Egg Products report yesterday. Shell eggs broken totaled 199 million dozen during June 2025, down 2 percent from June 2024, but 2 percent...
Summary of Futures
Dec 25 Corn closed at $4.1375/bushel, up $0.015 from yesterday's close. Sep 25 Wheat closed at $5.2325/bushel, down $0.005 from yesterday's close.&nb...
Market Commentary: Export Demand Steadies Corn; Soybeans Fall with Midwest Rain
The CBOT showed mixed trends across its major ag markets on Wednesday with corn and KC wheat finding some short covering that stabilized values and led to...
Friday’s Tariffs; China and Europe; MAHA Outlook
Friday’s Tariffs Brazil and India are two of the bigger countries facing President Trump’s tariff escalation this Friday, and both will receive...
Summary of Futures
Dec 25 Corn closed at $4.1225/bushel, up $0.0125 from yesterday's close. Sep 25 Wheat closed at $5.2375/bushel, down $0.06 from yesterday's close.&nb...
FOB Prices and Freight Rates App (Updated 30 July)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a conc...
Black Sea Regional Analysis
Russian Grain Markets: 21 – 25 July 2025 During the fourth week of the new 2025/26 season, the export market was still the driving force behind prici...
Summary of Futures
Dec 25 Corn closed at $4.11/bushel, down $0.03 from yesterday's close. Sep 25 Wheat closed at $5.2975/bushel, down $0.0875 from yesterday's close.&nb...
Market Commentary: Weather Sinks Grain Bull Hopes; Cattle Hit All-Time Highs
The theme for this week’s grain markets seems to be that of favorable weather, big crops, and increasingly bearish sentiment. That was certainly the...
Trump Trade Squeezes; USDA Staff Relocation; Scale and Trade
Trump Trade Squeezes It did not help the EU’s trade negotiating position in Scotland this past Sunday when its leaders had just come from China where...
U.S.-EU Trade Agreement
President Trump and EU President Ursula von der Lynen announced on Sunday that they reached an outline of a Cooperation Agreement on Reciprocal, Fair and B...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Mostakbal Misr (Future of Egypt) may not be able to buy grain from Ukraine a...
Livestock Industry Margins
Beef packer margins fell $68/head last week and marked the third straight week of declines to end near -$220, which is back among the worst margins in the...
Market Commentary: Weather Overrides Trade Deal; Cattle Hit New Highs on Tight Inventories
The big news for Monday’s ag market trade wasn’t the U.S.-EU trade deal, but rather continued favorable weather in the U.S. Midwest that will b...
WPI Crop Progress and Conditions App (Updated 28 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 r...
Summary of Futures
Dec 25 Corn closed at $4.14/bushel, down $0.05 from yesterday's close. Sep 25 Wheat closed at $5.385/bushel, up $0.0025 from yesterday's close. ...