Dec 25 Corn closed at $4.18/bushel, down $0.05 from yesterday's close.  Dec 25 Wheat closed at $5.22/bushel, down $0.0625 from yesterday's close. ...

The CBOT was almost entirely lower across the major ag markets on Wednesday with large supply expectations for the 2025 Northern Hemisphere grain and oilse...

Prop 12 Counterattack To the great disappointment of key parts of the U.S. agriculture sector, the Supreme Court ruled earlier this year that California&rs...

Russian Grains Market: 25 – 29 August 2025 Bearish sentiments prevail on the Russian market. Most likely the bottom price levels are near for most of...

Beef packer margins improved for the fourth straight week and once again added about $100/head in profits. Margins are now around $15/head, still low by po...

The CBOT was sharply lower to start the holiday-shortened trading week with Friday’s ruling that President Trump’s tariffs may be illegal throw...

Dec 25 Corn closed at $4.23/bushel, up $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, down $0.06 from yesterday's close. ...

Instead of focusing on foes, the transatlantic alliance needs to remediate itself. Media reactions to this past weekend’s Shanghai Cooperation Counci...

On 28 May, the U.S. Court of International Trade (CIT) ruled Trump had overstepped his authority in imposing tariffs under the International Emergency Econ...

Milling Wheat  Except for the CBOT futures market, global wheat values were lower last week as larger harvest expectations weighed on market sentiment...

Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisia’s cereal production in 2025 has improved due to better rainfall, according t...

For the third straight week, Friday’s CFTC report showed managed money traders paring back their slightly bearish combined bets across the ag space...

Although the soy complex and wheat opened lower, there was confidence in the corn number and by late morning most major contracts were in the green, aided...

The U.S. will celebrate Labor Day on Monday, 1 September, and the U.S. markets as well as our office will be closed that day. The next Ag Perspectives will...

The Foreign Ministry of Brazil notified the U.S. today that it has directed its trade body, Camex, to investigate whether it can retaliate against the 50 p...

Dec 25 Corn closed at $4.2025/bushel, up $0.1025 from yesterday's close.  Dec 25 Wheat closed at $5.3425/bushel, up $0.0525 from yesterday's close.&nb...

Readers will likely be familiar with WPI’s work over the past month or so exploring mispricing opportunities in agricultural futures. WPI’s wor...

Dry bulk freight markets continued to strengthen this week, this time with the Supramax and Panamax sectors in the lead. Improved grain demand off the U.S...

Commodity markets opened mostly in the red but managed a turnaround late in the session for corn, beans and wheat. There was not much fundamentally driving...

Export Sales and Shipments for August 15-21, 2025  Wheat: Net sales of 579,800 metric tons (MT) for 2025/2026 were up 12 percent from the previous wee...

Yesterday, NASS and Statistics Canada released the 1 July cattle inventory in the two countries. Combined, the inventory was 106.1 million head, which was...

Dec 25 Corn closed at $4.1/bushel, up $0.04 from yesterday's close.  Dec 25 Wheat closed at $5.29/bushel, up $0.0475 from yesterday's close.  Nov...

Trade in ag futures was a tale of two cities, with grains sinking into the red while the livestock markets rallied to fresh highs. Grains and oilseeds saw...

Dec 25 Corn closed at $4.06/bushel, down $0.035 from yesterday's close.  Dec 25 Wheat closed at $5.2425/bushel, down $0.075 from yesterday's close.&nb...

Technology Impacts Technology is driving markets around the world, but not always in the same direction or with the same results. Today’s big story s...

Russian Grains Market: 18 – 22 August 2025 The market continues following a bearish trend, mostly related to the peak of the harvest campaign and a s...

The CBOT saw early pressure develop after the USDA Crop Progress and Conditions report was more favorable than expected for corn, soybeans, and wheat. Desp...

Dec 25 Corn closed at $4.095/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.3175/bushel, up $0.02 from yesterday's close.&nbs...

Some countries have reacted harshly to the tariffs imposed by President Trump, while other countries responded more mutedly or negotiated a settlement. Can...

The state of Maryland has reported the first human case of new world screwworm (NWS) in a person who travelled to an affected area. Reports vary citing bot...

Mediterranean/Middle East/North Africa/Africa – MEA Region Lebanon’s 2025 grain crops are expected to be much lower, as much as 25 percent lowe...

Beef packer margins improved for the third straight week, adding more than $100/head to profits on fresh record highs in the beef market. Margins are now a...

Friday’s market fireworks faded a bit on Monday as traders took the opportunity to rest and reassess fundamentals. There were no particularly big new...

Dec 25 Corn closed at $4.1225/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.2975/bushel, up $0.025 from yesterday's close.&nbs...

Corn  Argentina’s corn harvest advanced only 1.3 percent this week, reaching 96 percent complete nationwide. The final stretch is always slower,...

Protectionists’ Spin U.S. President Donald Trump is vilified for statements that his critics say are blatantly untrue, but he is not alone in trying...

Canadian Prime Minister Mark Carney and President Trump had a telephone conversation last Thursday to discuss trade. By all accounts, the discussion was pr...

Friday’s CFTC report showed managed money traders paring back their slightly bearish combined bets across the ag space for the second straight week...

U.S. Cattle on Feed totaled 10.9 million head on August 1, 2025 and was 2 percent below August 1, 2024.  Placements in feedlots during July totaled 1...

Grain and oilseed contracts traded mixed to lower on Friday, torn between being over-weight against large yields, and under bought in the face of a late su...

Dec 25 Corn closed at $4.115/bushel, down $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.2725/bushel, down $0.025 from yesterday's close.&...

USDA’s monthly Cattle on Feed report was released today at 3 p.m.  Total cattle on feed amounted to 10.9 million head, 98 percent of last year.&...

Dry Bulk markets were mixed this week with Capesize markets falling back after their recent rally while Panamax and Supramax values continue to firm. The A...

Yesterday’s grain and oilseed rally extended, for the most part, today. While wheat led the complex upward yesterday, today’s higher volume tra...

Export Sales and Shipments for August 8-14, 2025 Wheat: Net sales of 519,800 metric tons (MT) for 2025/2026 were down 28 percent from the previous week and...

Dec 25 Corn closed at $4.1175/bushel, up $0.0775 from yesterday's close.  Dec 25 Wheat closed at $5.2975/bushel, up $0.015 from yesterday's close.&nbs...

WPI recently received a question from a client asking, in effect, if global crop prices have become immune – or at least less sensitive – to ch...

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to...