USDA issued its major S&D crop forecast for the upcoming crop season at its annual Outlook Conference. Although generally bullish for corn and bearish...

USDA’s monthly cattle on feed report for February will be released tomorrow. Analysts’ pre-report consensus estimates are for the total invento...

Beef complex margins weakened further in the week ending 14 February 2026, with estimated beef packer net margins sliding to -$270.22/hd (down $22.78/hd we...

Mar 26 Corn closed at $4.2575/bushel, down $0.0125 from yesterday's close.  May 26 Wheat closed at $5.6675/bushel, up $0.1425 from yesterday's close.&...

Dry bulk ocean freight markets are once again seeing diverging trends across the Atlantic and Pacific basins. Key to this divergence is the Chinese Lunar N...

Key Market Developments Today’s theme was geopolitics and economics. Tension between the United States and Iran escalated despite reports of an &ldqu...

Tariff Impacts Calculating the impacts of President Trump’s tariffs is heavy fodder for economists. Many made predictions about their impacts long be...

Mar 26 Corn closed at $4.27/bushel, up $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.47/bushel, up $0.0925 from yesterday's close. ...

Russian Grain Markets: 9–13 February 2026 The feature of the second week of February was appreciation of prices on the export platform, meaning regio...

Regional News  EU cattle markets remain relatively unchanged from recent weeks, with German and Austrian prices falling slightly amid carnival-period...

The CBOT managed to recover from a dramatic overnight plunge with soybeans leading the fight to put values back in the green. Most of the news coming out o...

Corn/Feed USDA reports that Chinese domestic production of corn and wheat exceeds demand, but that barley is in a supply deficit and must be imported. Chin...

Mar 26 Corn closed at $4.2625/bushel, down $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3775/bushel, down $0.11 from yesterday's close.&n...

Chairman of the House Agriculture Committee, Glenn Thompson (R-Pennsylvania), released the text of the farm bill on Friday. Markup is scheduled for next we...

Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco’s grain harvest could go as high as 9.0 million MT in 2026, which would repr...

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...

There was both a lot and not much going on this Friday the 13th in November. The fundamentals are unchanged, but some riskier positions were neutralized an...

In observance of Presidents’ Day, both the CME/CBOT and our offices will be closed on Monday, 16 February. The next edition of Ag Perspectives&n...

Mar 26 Corn closed at $4.3175/bushel, up $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.4875/bushel, down $0.0375 from yesterday's close.&n...

Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 percent at the beginning of the year to 13 percent by year-end. It then...

Heading into the USDA’s annual Ag Outlook Forum (AOF) next week, there is heightened speculation and anticipation about what the 2026/27 crop outlook...

U.S. grain transportation markets are slowly recovering from the shocks of bitter cold weather and low water levels on the Mississippi River System and fro...

Key Market Developments Markets head into Friday’s CPI report expecting a 0.3 percent month-over-month increase in both headline and core inflation,...

Sovereignty and Competitiveness So-called food sovereignty has animated European politics for decades. Now there is AI sovereignty because English is annoy...

The recent February World Agricultural Supply and Demand Estimates (WASDE) report forecast beef production to increase in 2026 due to greater slaughter of...

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...

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...

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...

U.S. grain transportation markets are slowly recovering from the shocks of bitter cold weather and low water levels on the Mississippi River System and fro...

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...

Beef packer margins weakened further last week, with estimated net losses widening to -$247/head, extending the deterioration seen through late January. Bo...

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...

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...

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...

The headline numbers from the February WASDE – the South American production estimates – were mostly in line with expectations, which is to say...

On the morning of 9 February, WPI identified unauthorized activity on our website server. Upon discovery, we immediately secured the website and server, to...

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...

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...

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...

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...

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s snowfall and rainfall have returned to more normal levels following last ye...

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...

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...

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 “...

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...

After a very quiet prior week with limited activity, market conditions became significantly more active. Futures rallied early in the week after President...

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...

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...

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...

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...

Soybean futures and the broader soy complex saw heightened volatility this week on a combination of domestic and international demand drivers. Following th...

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...

Washington, DC—World Perspectives, Inc. (WPI) is a leading agricultural market analysis and consulting firm making a leadership transition marking an...

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...

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. ...

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...

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 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,...

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...

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...