Mar 26 Corn closed at $4.5/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.19/bushel, down $0.0275 from yesterday's close. ...

Financial markets will be closed on Thursday, 25 December for the Christmas holiday. As a result, there will be no Ag Perspectives report on Thursday. WPI...

The CBOT was mostly higher before the Christmas holiday with grains in the lead, though with each market seeing a different fundamental driver. Wheat futur...

Mar 26 Corn closed at $4.51/bushel, up $0.035 from yesterday's close.  Mar 26 Wheat closed at $5.2175/bushel, up $0.0475 from yesterday's close. ...

Soybean Auction Falters To make way for recent purchases of U.S.-grown soybeans, Sinograin has been auctioning state-owned reserves of soybeans imported in...

Russian Grains Market: 15–19 December 2025 Russia’s grain markets remained stable and bearish, with weak domestic and export demand limiting pr...

Friday’s CFTC report showed managed money traders paring back long positions across the ag space as technical conditions quickly deteriorated for the...

Everyone knows the volume traded this week will be lower, but there is no break in the directional adjustments. The corn market still had to continue its m...

Mar 26 Corn closed at $4.475/bushel, up $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.17/bushel, up $0.015 from yesterday's close.  J...

USDA released its quarterly Hogs and Pigs report today. The inventory of all hogs and pigs on 1 December was 75.5 million head, up 1 percent from December...

Regional News  Russia’s latest attacks on Ukraine’s Odesa Black Sea port infrastructure on 23 December reportedly damaged a vessel carryin...

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Safaga port, south on the Red Sea, will be expanded and improved as a result...

Beef packer margins deteriorated further last week, extending their move into negative territory after early December’s strong profits. Margins fell...

The CBOT turned higher on Monday with positive export data from USDA and a healthy dose of bottom-picking and pre-holiday short covering driving the upside...

USDA reports U.S. Cattle on Feed down 2 percent in feedlots with capacity of 1,000 or more head to total 11.7 million head on December 1, 2025.  Place...

WTO Gets Trumped The WTO was thrown out back on 2 April when President Trump announced his reciprocal tariffs. The tariffs totally violated U.S. obligation...

Mar 26 Corn closed at $4.47/bushel, up $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.155/bushel, up $0.0575 from yesterday's close. ...

On 21 November, Tyson Foods, one of the largest beef packing companies in the United States, announced it will close its cattle slaughter facility in Lexin...

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

WHEAT Harvest advanced 13.1 percent week-over-week, reaching 73 percent of total area, with yields remaining above average and above earlier expectations...

Dry-bulk freight markets are mixed this week with pre-holiday trade driving diverging trends. The Capesize sector saw some strength, primarily in the Atlan...

There was lower volume in the grain pits today, with perhaps some stronger interest in the last few days of holiday shopping. Traders were not buying corn...

USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.7 million head, 98 percent of last year.    P...

Mar 26 Corn closed at $4.4375/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.0975/bushel, up $0.02 from yesterday's close.&nb...

December is upon us and the fall calf run all but ended, the beef industry is finalizing its estimates of 2025 profitability and market performance. For co...

Overall, it remains a sideways market with corn showing the most confidence but overall market weakness that is both seasonal, and reflective of the fundam...

Reported November meat sales data show meat department sales were positive and have remained so since Q1 of 2023. In all cases, dollar gains were from a co...

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close. ...

Export Sales and Shipments data for the week ending Nov 27, 2025...

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 2 December. The data are, obviously, delayed du...

Bears were once again in charge of the CBOT on Wednesday, though they temporarily relinquished control of the corn market to bulls. Funds were aggressive s...

Europe Pivot Point EU leaders will hold a very pivotal meeting tomorrow covering a range of issues including the use of Russian assets and security guarant...

Mar 26 Corn closed at $4.405/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0625/bushel, down $0.0325 from yesterday's close.&nbs...

Russian Grains Market: 8–12 December 2025 Russia’s grain market continued its bearish trend that began in early December. Global fundamentals r...

Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145...

Each year, the Chinese zodiac calendar features one animal to mark and typify the coming 365 days. If that process were applied to CBOT trade, Tuesday woul...

The U.S. 2025/26 sugar supply is forecast at 14.119 million short tons, raw value (STRV), down 1,800 STRV from November as the decrease in expected imports...

Beans to Storage China is carrying out its annual purge of stored soybeans, selling them at around a half million tons per week over two months at auction...

Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.&...

Regional News  Farmer selling stayed limited across much of Europe last week as low flat prices, year-end cash-flow planning, and holiday-period logis...

Mediterranean/Middle East/North Africa/Africa – Mea Region Iran says that there will be no problems with grain imports and distribution although news...

Bears were in control of the CBOT again on Monday with technical pressure and bearish fundamental headlines driving prices lower. Soybeans and wheat were t...

Mar 26 Corn closed at $4.3975/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.2075/bushel, down $0.085 from yesterday's close.&n...

EXPORT TAXES The government announced last week a permanent reduction in export taxes on major agricultural products. The revised rates are as follows: Soy...

European Revival The transatlantic relationship is rapidly evolving and the story is told by some recent headlines… The U.S. has already swamped Eu...

The USDA will base the $12 billion in farmer payments it recently announced under the Farmer Bridge Assistance (FBA) program on 2025 planted acreage. The d...

Today was National Poinsettia Day, a plant that is supposed to symbolize goodwill and success but that is only true for the bears today.  There was re...

Mar 26 Corn closed at $4.4075/bushel, down $0.0575 from yesterday's close.  Mar 26 Wheat closed at $5.2925/bushel, down $0.0425 from yesterday's close...

U.S. Export Sales and Shipments for the week ending Nov 13, 2025...

Dry-bulk markets were softer last week with Capesize markets seeing weaker interest from East Australia and other Pacific locales. Traders are describing s...

The U.S. trade deficit narrowed unexpectedly to $52.8 billion in September, the smallest since mid-2020. The decline in the deficit was due to a large incr...

Following the December WASDE report from Tuesday, WPI has updated our corn, wheat, and soybean supply and use models to examine market trends for the rest...

Grain markets traded without conviction today, see-sawing around unchanged and with modest volume. Aggies had WASDE day and outside markets had Fed day, an...

USDA’s World Agriculture Supply and Demand Estimates (WASDE) report was released yesterday. The WASDE forecast corn exports for MY 2025-26 hitting a...

Mar 26 Corn closed at $4.465/bushel, up $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.335/bushel, up $0.04 from yesterday's close. ...

No Trade Bailout The Trump Administration’s $12 billion economic assistance package to farmers is being framed by the media as a “bailout&rdquo...

Mar 26 Corn closed at $4.4425/bushel, down $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.295/bushel, down $0.05 from yesterday's close.&n...

Once again, the headlines for CBOT trade revolved around news from China, this time in support of both bulls and bears. Bulls benefited from the news of &l...

Russian Grain Markets: 1–5 December 2025 Russia’s grain markets remained largely bearish during the first week of December, although some regio...

USDA’s Dec 2025 estimate is that the 2025/26 season-average corn price received by U.S. farmers will remain at $4.00 per bushel. Global corn stocks a...