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...

Dec 25 Corn closed at $4.04/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, up $0.07 from yesterday's close. ...

The CBOT turned higher at mid-week with wheat leading the way and corn and soybeans following on somewhat minor news items. Wheat saw a strong rally develo...

U.S. tariffs are reordering world trade and may further impact the nation’s agricultural exports. While soybean exports to China are stalled as that...

Russian Grain Markets: 11 – 15 August 2025 During the second week of August, the market realized that harvesting produces all the grain the market ne...

Dec 25 Corn closed at $4.0325/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $4.985/bushel, down $0.0425 from yesterday's close...

The CBOT was sharply lower on Tuesday as traders reacted to the USDA’s Crop Progress report, in which corn, soybean, and spring wheat conditions and...

On 13 February President Trump signed Executive Order 14212 entitled “Establishing the President’s Make America Healthy Again Commission (MAHA)...

Weaponizing Trade Using trade to influence geopolitical outcomes is not new but its use has intensified. While some might use the U.S. as the cause of its...

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s government purchased 3.93 MMT of local wheat from this year’s harvest...

Beef packer margins improved for the second straight week, adding more than $100/head to profits thanks to record highs in the beef market. Margins remain...

The CBOT started the new week on a mixed note with wheat and soybeans turning lower while corn strengthened for the fourth straight day. Technical action w...

Dec 25 Corn closed at $4.065/bushel, up $0.0125 from yesterday's close.  Sep 25 Wheat closed at $5.0275/bushel, down $0.0375 from yesterday's close.&n...

According to the latest Short Term Energy Outlook (STEO), U.S. petroleum production is forecast to hit 13.41 million barrels per day (bpd) in 2025 due prim...

Grains Wheat Argentina’s wheat crop continues to show good development across most of the country. While some areas remain affected by flooding, favo...

Negotiating Positions Ukrainian President Volodymyr Zelensky is being joined in Washington today by EU leaders as they discuss with President Trump the nex...

Regional News The Association of German Cooperatives (DRV) raised its forecast for the German grain harvest from 41.7 MMT to 43.0 MMT, up 10 percent from t...

Friday’s CFTC report showed managed money traders paring back their slightly bearish combined bets across the ag space. The past several weeks have f...

Markets were higher in the overnight and were all green at the open this morning. By the end of the session, most remained higher except meal and HRS. It w...

The U.S. dollar has declined in value by 6.8 percent over the course of 2025, despite rising from its July lows. Typically, the value of the dollar strengt...

Export Sales and Shipments for August 1-7, 2025.  Wheat: Net sales of 722,800 metric tons (MT) for 2025/2026 were down 2 percent from the previous wee...

After a three-day rally, the soybean complex drifted lower, wheat continued its bearish decline, and corn miraculously escaped another day of damage. ...

Red meat and poultry production total estimates were down for August in the latest WASDE report. Beef production for the year was estimated at 25.926 billi...

The CBOT on Wednesday saw grains make a slight recovery and correction from Tuesday’s WASDE-induced selloff while the soybean market extended the bul...

Dec 25 Corn closed at $3.9725/bushel, up $0.0275 from yesterday's close.  Sep 25 Wheat closed at $5.0725/bushel, up $0.0225 from yesterday's close.&nb...

BRICS Unload President Trump has slow walked or balked at negotiating trade agreements with Brazil, India and South Africa. The supposed reasons include un...

Russian Grain Markets: 4 – 8 August 2025 The speed of the harvesting campaign was the key price driver. Improved harvesting pace in the Centre and Bl...

The August WASDE is almost always a market-moving event for at least one commodity, and Tuesday’s report was no different. Tuesday’s trade star...

Consumption Taxes This analyst erroneously implied that value added taxes are cumulative through the supply chain when in fact any VAT paid on an input is...

USDA reduced their estimate for U.S. soybean production for 2025/26 to 4.3 billion bushels, down 43 million. U.S. ending stocks are forecast at 290 million...

USDA’s first survey-based corn yield forecast is a record 188.8 bushels per acre, which is 7.8 bushels higher than last month’s projection. U.S...

USDA increased their estimate for U.S. wheat exports by 25 million bushels to 875 million on the continued strong pace of sales and shipments, particularly...

The Bureau of Labor Statistics (BLS) released the CPI for July this morning. The CPI was up 0.2 percent for the month and 2.7 percent year-over-year. The r...

Dec 25 Corn closed at $3.945/bushel, down $0.1325 from yesterday's close.  Sep 25 Wheat closed at $5.05/bushel, down $0.1 from yesterday's close. ...

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq’s Agriculture Ministry announced that the planting of wheat and barley will be...

The U.S. – China tariff war truce technically expires tomorrow and in negotiating its extension, President Trump decided to signal his hope that Beij...

Dec 25 Corn closed at $4.0775/bushel, up $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.15/bushel, up $0.005 from yesterday's close. ...

The National Corn Growers Association (NCGA), along with 25 state associations, sent a letter on 1 August to USTR Jamieson Greer, Commerce Secretary Howard...

Wheat and Boosting Production Margins With 6.7 million hectares sown, the 2025/2026 season wheat crop has been planted and it marks one of Argentina’...

After yesterday’s baseless bounce, today’s trading involved some retracement on a lack of fresh inputs. There was yet another flash corn export...

Dec 25 Corn closed at $4.055/bushel, down $0.015 from yesterday's close.  Sep 25 Wheat closed at $5.145/bushel, down $0.0375 from yesterday's close.&n...

On 23 July, the Environmental Protection Agency (EPA) announced that three formulations of the pesticide dicamba would be open to a 30-day comment period t...

Unlike in previous days, commodity futures opened higher today and sustained upward momentum. There was some short covering and some correction from over-s...

Export Sales and Shipments for July 25-31, 2025 Wheat: Net sales of 737,800 metric tons (MT) for 2025/2026 were up 25 percent from the previous week and fr...

The beef sector experienced a week of record-breaking prices, and depressed packer margins for the week ending 1 August. Live cattle were a record $244.41...

Dec 25 Corn closed at $4.07/bushel, up $0.0575 from yesterday's close.  Sep 25 Wheat closed at $5.1825/bushel, up $0.0975 from yesterday's close. ...

There were few fundamental inputs, but today’s agricultural futures markets established new contract lows for corn, SRW and HRS. There was a new cont...

VAT versus Trump Tariffs Most imports into the U.S. will face an average 15 tariff under Trump trade policy. Critics and news reports warned of disastrous...