Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close. Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.&nbs...
Articles
Export Sales
Export Sales and Shipments for January 30-February 5, 2026. Wheat: Net sales of 488,000 metric tons (MT) for 2025/2026 were up 31 percent from the previous...
A Year in Review: Impact of Tariffs on Agricultural and Food Processing Machinery
We now have nearly a year of data to work with on the impact of the Trump Administration’s tariffs. When they were first announced, there was q...
Market Commentary: Mixed But Steady with an Outside Surprise
The U.S. created more new jobs in January than expected, especially in healthcare. And there was more ethanol produced last week than the market expected...
Livestock Industry Margins
Beef packer margins weakened further last week, with estimated net losses widening to -$247/head, extending the deterioration seen through late January. Bo...
Summary of Futures
Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close. Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.&nbs...
Black Sea Regional Analysis
Russian Grain Markets: 2–6 February 2026 The primary development during the first week of February was the allocation of grain export quotas for the...
WASDE Wheat - Feb 2026
USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last...
Market Commentary: WASDE Confirms Big Supply, Big Demand; Soybeans Gain on Brazil Quality
The headline numbers from the February WASDE – the South American production estimates – were mostly in line with expectations, which is to say...
WPI Website Security Update - 10 February
On the morning of 9 February, WPI identified unauthorized activity on our website server. Upon discovery, we immediately secured the website and server, to...
New World Screwworm Facility in the U.S.
In June 2025, Secretary Rollins announced a five-pronged plan to enhance USDA’s ability to detect, control, and eliminate NWS. As part of that announ...
WASDE Soybeans - Feb 2026
USDA’s outlook for 2025/26 U.S. soybean supply and use projections are unchanged. As a result, the season-average soybean price is projected unchange...
China Market Analysis
Soybeans Dim Sums report that Chinese propaganda’s focus on soybean self-sufficiency has faded as Brazil has become the top foreign supplier. In shor...
WASDE Corn - Feb 2026
USDA’s outlook for 2025/26 U.S. corn is for greater exports and lower ending stocks. Exports are increased 100 million bushels to 3.3 billion, reflec...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s snowfall and rainfall have returned to more normal levels following last ye...
Market Commentary: CBOT Turns Lower on Weather, Pre-WASDE Consolidation
Except for the red-hot soyoil market, the CBOT was mostly lower on Monday, with favorable South American weather and pre-WASDE position adjustment driving...
Summary of Futures
Mar 26 Corn closed at $4.2875/bushel, down $0.015 from yesterday's close. Mar 26 Wheat closed at $5.2875/bushel, down $0.01 from yesterday's close.&n...
Argentina Beef Imports Outlook for 2026
At the 2026 Cattle Industry Convention, Secretary of Health and Human Services Robert F. Kennedy, Jr., urged producers to expand the beef herd in a “...
New Trade Agreements
Just as Donald Trump’s dismantling of the world order is said to have motivated Europe’s conclusion of trade agreements with Mercosur and India...
Mercosur Regional Analysis
After a very quiet prior week with limited activity, market conditions became significantly more active. Futures rallied early in the week after President...
CFTC COT Report Analysis
WPI recently expanded our analysis of the weekly CFTC Commitments of Traders data to include reports on the regime (trending, cyclical, or transition) of e...
Market Commentary: Geopolitics Skews the Week
It was another day of big volume in the soy complex. While soybeans closed higher for a fourth session, corn and wheat failed to follow, or perhaps their d...
Biofuels Policy: 45Z and E15
The Office of Management and Budget (OMB) has signed off on a rule for the 45Z tax credit. The credit was created by the Inflation Reduction Act of 2022 du...
Summary of Futures
Mar 26 Corn closed at $4.3025/bushel, down $0.0475 from yesterday's close. Mar 26 Wheat closed at $5.2975/bushel, down $0.055 from yesterday's close...
Volatility and Opportunity Abound in Soy Pricing
Soybean futures and the broader soy complex saw heightened volatility this week on a combination of domestic and international demand drivers. Following th...
Transportation and Export Report for 4 February 2025
U.S. grain transportation markets remain skewed by the impacts of cold weather and low water levels on the Mississippi River System, which have pushed spot...
Herrington Becomes President of World Perspectives, Inc.
Washington, DC—World Perspectives, Inc. (WPI) is a leading agricultural market analysis and consulting firm making a leadership transition marking an...
Market Commentary: Soybean Spillover Rides Another Day
There was high-volume trading in soybeans again today after hitting record levels yesterday. The enthusiasm carried over to corn and soymeal as well, and t...
Summary of Futures
Mar 26 Corn closed at $4.35/bushel, up $0.055 from yesterday's close. Mar 26 Wheat closed at $5.3525/bushel, up $0.085 from yesterday's close. ...
Rock, Paper, Scissors
Markets still do not know how to react to President Trump’s announcement that he has completed a trade deal with India. U.S. Trade Representative Jam...
Livestock Roundup: Dairy Herd
The U.S. dairy herd in 2025 expanded at the fastest pace since the 1950s and reached a level that has not occurred since the early 1990s. Based on the USDA...
Export Sales
Export Sales and Shipments for January 23-29, 2026 Wheat: Net sales of 373,900 metric tons (MT) for 2025/2026 were down 33 percent from the previous week,...
Livestock Industry Margins
Beef packer margins weakened further, with estimated net losses widening to -$233/head. While boxed beef values continued to firm, gains were outpaced by h...
Black Sea Regional Analysis
Russian Grain Markets: 26–30 January 2026 The Russian grains market remains volatile, with bearish sentiment prevailing on the RUB export trade platf...
Market Commentary: Soybeans Surge as Trumps Says China in for Another 8 MMT
There are days in the commodity markets when it feels like nothing is happening in any market, and then there are days when it feels like everything is hap...
European Market Analysis
Milling Wheat Large supplies and strong exports of wheat from the Black Sea and Russia continue to cap upside potential for wheat. U.S. and EU market...