Today, Canada announced retaliatory tariffs on 700 products exported from the U.S., aiming to match “dollar for dollar” the duties imposed on C...
Articles
The Netherlands: An Unlikely Agricultural Powerhouse
Key Takeaways: Despite its limited farmland, the Netherlands is a major agricultural exporter, focusing on high-value products such as dairy, flowers, mea...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco is reported to be resuming soft wheat imports on 16 September 2026, ending the thr...
Livestock Industry Margins
Beef packer margins swung back into positive territory at $114/head last week, improving $164 from the prior week as the Choice cutout strengthened while f...
Summary of Futures
Dec 26 Corn closed at $5.155/bushel, up $0.07 from yesterday's close. Dec 26 Wheat closed at $6.995/bushel, up $0.0025 from yesterday's close. ...
Market Commentary: Yield Assessments Drive CBOT Reactions; Cattle Fall on Beef Import News
What You Need to Know Today: Pro Farmer’s crop tour pegged the 2026 U.S. corn crop at 173.2 BPA and anticipated a 15.344 Bbu crop – both figur...
Gene Editing Offers a New Path for Crop Development
Key Takeaways: Gene editing makes targeted changes to a plant’s existing DNA, while genetic modification can introduce genetic material from another...
Cattle on Feed Report
USDA’s August cattle on feed report was released Friday, with the total number of cattle in feedlots with a capacity of 1,000 head or more amounting...
Cold Storage Report Summary and Analysis
July 2026 total red meat and poultry stocks totaled 2.00 billion pounds, down 0.2 percent from June and 1.8 percent below July 2025 levels. The monthly dec...
Mercosur Regional Analysis
Corn Argentina’s corn harvest continued to face delays due to high grain moisture and poor field conditions in some areas. Despite elevated moisture...
CFTC COT Report Analysis
Concerns about U.S. corn and soybean yields and continued disruptions in the Black Sea drove a week of bullish activity at the CBOT. Managed money traders...
Cattle on Feed - August 2026
U.S. Cattle on Feed was up 2 percent to total 11.1 million head on August 1, 2026. Placements in feedlots during July totaled 1.42 million head, 11 p...
Summary of Futures
Dec 26 Corn closed at $5.085/bushel, up $0.05 from yesterday's close. Dec 26 Wheat closed at $6.9925/bushel, down $0.0075 from yesterday's close.&nbs...
Market Commentary: Bullish Momentum Continues for Corn and Soybeans
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this...
President Trump Announces Move on Over Quota Beef Tariffs - Again
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for gro...
How Much for That Bushel of Credibility?
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. I...
Transportation Perspectives - 20 August
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax mar...
Summary of Futures
Dec 26 Corn closed at $5.035/bushel, up $0.055 from yesterday's close. Dec 26 Wheat closed at $7/bushel, up $0.025 from yesterday's close. Nov...
Market Commentary: Pro Farmer Crop Tour Results Point to Lower Yield Potential
What You Need to Know Today: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois...
Livestock Round Up: Broiler Exports Down to China, Up in Japan
The USDA’s Foreign Agricultural Service (FAS) projects China’s chicken imports to drop by 33 percent this year and another 15 percent next year...
Dairy: An Evolution in The Making?
Key Takeaways: $13 billion in new U.S. dairy processing investment is moving across the sector, led by cheese ($3.2 billion), milk and cream ($2.9 billion...
Summary of Futures
Dec 26 Corn closed at $4.98/bushel, up $0.1 from yesterday's close. Dec 26 Wheat closed at $6.975/bushel, up $0.1625 from yesterday's close. No...
Market Commentary: Pressure Moves, Markets Reprice the Risk
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves...
Emerging Stability in EU Maize S&D
Key Takeaways: Weather conditions in Europe have continued to deteriorate following both the EU MARS’ latest balance sheet update and the Augu...
What Makes a Beef Processing Plant Vulnerable to Closure?
Key Takeaways: With cattle supplies historically tight and packer margins deeply negative, beef processors are reducing excess slaughter capacity, with de...
Black Sea Regional Analysis
Russian Grain Markets: 10–14 August 2026 The Russian grain market continued to weaken sharply during the second week of August as the Black Sea logis...
Summary of Futures
Dec 26 Corn closed at $4.88/bushel, down $0.015 from yesterday's close. Dec 26 Wheat closed at $6.8125/bushel, down $0.08 from yesterday's close.&nbs...
Market Commentary: Turnaround Tuesday Hints at Rally Doubts
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt im...
USMCA 11th Hour and New Tariffs for Canada Not Over
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billi...
Brazil’s Reliance on Imported Fertilizer Is a Potential Weak Link
Key Takeaways: Brazil’s growing role in global agriculture is accompanied by a major vulnerability: the country imports approximately 88 percent of...
Livestock Industry Margins
Beef packer margins improved sharply to -$51/head last week, up $116 from the prior week as the Choice cutout strengthened while fed cattle prices declined...
Market Commentary: CBOT Rises as Crop Tours Start and Weather Forecasts Shift
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn bel...
CFTC COT Report Analysis
Favorable U.S. weather and pre-WASDE positioning last week overrode the Black Sea export and allowed bearish sentiments to dominate the CBOT for the second...
Summary of Futures
Dec 26 Corn closed at $4.895/bushel, up $0.0625 from yesterday's close. Sep 26 Wheat closed at $6.7475/bushel, up $0 from yesterday's close. No...
Argentina’s Record Corn Crop Drives Export Growth
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the cou...
Fertilizer’s Bullish Outlook for 2027
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material con...
Mercosur Regional Analysis
Corn Argentina Argentina’s corn harvest progress has fallen further behind the normal pace, with the latest estimate showing more than 15 percentage...
Summary of Futures
Dec 26 Corn closed at $4.8325/bushel, up $0.1125 from yesterday's close. Sep 26 Wheat closed at $6.7475/bushel, up $0.22 from yesterday's close. ...
Market Commentary: Russia Resists Black Sea Truce, Cattle Processing Consolidating Further
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could...
Beef Capacity Disappearing
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shutte...
Inflation: Mixed Bag with CPI on Target and PPI Down and Iran War Hovering
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose...
Agricultural Precision Technology: A Look Back and Forward
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The d...
Summary of Futures
Dec 26 Corn closed at $4.72/bushel, down $0.0875 from yesterday's close. Sep 26 Wheat closed at $6.5275/bushel, up $0 from yesterday's close. N...
Market Commentary: Potential Black Sea Deal Could Reshape Global Grain Outlook
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent inc...
A Trade Case
Key Takeaways: The U.S. sheep industry is contracting. Lamb output and producer participation have declined sharply. Imports now account for most U.S. lam...
Livestock Roundup: Livestock WASDE
Yesterday, the USDA released its monthly World Supply and Demand Estimates (WASDE), forecasting tighter beef and pork supplies and growing broiler supplies...
Transportation Perspectives - 13 August
Key Takeaways: Dry bulk freight markets are higher this week as activity in Asia and off the ECSA picks up. President Trump extended the Jones Act w...
Summary of Futures
Dec 26 Corn closed at $4.8075/bushel, up $0.2025 from yesterday's close. Sep 26 Wheat closed at $6.5275/bushel, up $0.225 from yesterday's close.&nbs...
Market Commentary: From Headlines to Hard Numbers
Macro: Relief Meets Reality July’s CPI report matched expectations. Headline inflation eased to 3.4 percent year over year, while core inflation decl...
Black Sea and EU Export Discussion
One of the curious developments from the August WASDE was USDA’s handling of the European, Russian, and Ukrainian corn and wheat balance sheets. The...
Implications of the Lower-than-Expected August WASDE Yields and Added Acreage
Key Takeaways: Corn yield came in below expectations at 180.7 bushels per acre, validating WPI’s view that last year’s exceptional yield may h...
AP Quant: WASDE Vegoils
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive comp...
AP Quant: WASDE Wheat
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive comp...
AP Quant: WASDE Soybeans
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive comp...
AP Quant: WASDE Corn
WPI offers the following PDF of key supply and demand tables and charts relating to the USDA’s latest WASDE report. This is not an all-inclusive comp...
WASDE Soybeans - August 2026
USDA’s August WASDE outlook for 2026/27 U.S. soybeans is for a modest increase in the U.S. ending stocks by 10 million bushels to 320 million. There...
WASDE Corn - August 2026
USDA’s August WASDE outlook for 2026/27 U.S. corn is basically for unchanged production as an increased acreage estimate offset a lower yield forecas...
WASDE Wheat - August 2026
USDA’s August WASDE outlook for 2026/27 reduced U.S. wheat supplies on lower production, which is forecast at 1,531 million bushels, down 5 million f...
Black Sea Regional Analysis
Russian Grain Markets: 3–7 August 2026 The Russian grain market continued to decline during the first week of August following the closure of the Azo...