Mediterranean/Middle East/North Africa/Africa – MEA Region Iran remains the largest importer of Brazil maize at about 6.1 MMT followed by Egypt at ab...
Articles
Livestock Industry Margins
Beef packer margins rose for a third consecutive week, climbing $52/head to $115 and hitting the strongest profitability since mid-2023. The gain came amid...
Market Commentary: Grains Fade in Pre-Holiday Trade; Cattle Limit-Down on Plant Closure
The CBOT saw muted and mostly lower trade to open the week of the U.S. Thanksgiving holiday. The day’s trade was predominantly weaker as technical fa...
COP Out, G20 In; Evolution of Big
COP Out; G20 In There were two international meetings in the past few days with similar consequences. The first was the COP30 climate change conference in...
WPI Crop Progress and Conditions App (Updated 24 November)
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 $4.2375/bushel, down $0.0175 from yesterday's close. Mar 26 Wheat closed at $5.3475/bushel, down $0.05 from yesterday's close.&...
Shuttering Beef Plants
Tyson Foods announced it will shut one large beef plant and slow down another. The facility shutdown is in Lexington, Nebraska and the plant that wil...
Mercosur Regional Analysis
WHEAT The Argentine wheat harvest advanced 3.8 percentage points this week, bringing total progress to 20 percent of the area. Yields continued to perform...
European Market Analysis
Regional News The EU MARS Crop Monitoring in Europe report is due out Monday, 24 November, but it has not been released as of WPI’s publishing...
Market Commentary: Friday’s Ends a Tough Week Except for Soyoil and Dollar
There was a glimmer of hope for bulls on Friday, but it was just a glimmer. Soybeans, meal and HRW closed higher, but the rest of the players fell off the...
Summary of Futures
Dec 25 Corn closed at $4.255/bushel, down $0.01 from yesterday's close. Mar 26 Wheat closed at $5.3975/bushel, down $0.01 from yesterday's close.&nbs...
Parsing Newly Resumed Macro Data
With the longest government shutdown in history now over, the flow of economic data has resumed. Two key items of market interest are the September e...
Despite Futures Pullback, Cow-Calf Profits Hit Records
With November and the fall calf run almost over, the U.S. beef industry now has its first truly solid estimates of the realized profitability of many cow-c...
WPI Grain Transportation Report
Dry bulk markets are firmer this week as China’s recent soybean purchases stoked hopes that cargo demand, and vessel hire rates, will increase headin...
Market Commentary: Unmoved and Uncertain
It was the third straight day of flash soybean sales to China. The IGC tightened global soybean balances. The morning’s USDA’s export sales rep...
Soybean Crushing Margins Outlook for Q1 2025
CBOT board soybean crush margins have been volatile over the past two months due to rapidly changing political and export outlooks as well as shifting glob...
Summary of Futures
Dec 25 Corn closed at $4.265/bushel, down $0.0325 from yesterday's close. Mar 26 Wheat closed at $5.4075/bushel, down $0.0875 from yesterday's close...
Livestock Round Up: HPAI Vaccine and Trade Concerns
The Indiana State Board of Animal Health (BOAH) reports that the most recent cases of HPAI have been confirmed on two commercial broiler operations, two co...
Market Commentary: Soybean Sales to China Fail to Impress CBOT
The CBOT was almost uniformly lower on Wednesday with traders booking any long profits and likely adding some short spec positions as momentum wanes from t...
Tariff Trouble; UPF Killers; GIs Meet Reality; European Consensus; Takes On to Know One
Tariff Trouble Democrats in the U.S. House and Senate are pushing for votes in the House on the legitimacy of tariffs imposed by President Trump, including...
Summary of Futures
Dec 25 Corn closed at $4.2975/bushel, down $0.07 from yesterday's close. Mar 26 Wheat closed at $5.495/bushel, down $0.095 from yesterday's close.&nb...
Black Sea Regional Analysis
Russian Grains Market: 7-14 November 2025 Russia reported an air attack on the port of Novorossiysk, its main Black Sea export hub. The attack disrupted bo...
Livestock Industry Margins
Beef packer margins strengthened for the fourth straight week and posted one of their largest weekly gains of the year. Margins rose $42/head to $57 as fed...
Market Commentary: Sell The Fact Trade Drives Turnaround Tuesday
The big news in commodity markets Tuesday was USDA’s confirmation that China purchased nearly 800 KMT of soybeans from the U.S. on Monday. That news...