Grain China’s General Administration of Customs says that grain imports were up 34.3 percent in April and an overall 18.1 percent for the January to...

Eid Al-Adha will be celebrated in the Muslim world from 27 to 30 May 2026. The actual dates vary by country. Governments, banks and businesses will all be...

What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its...

• U.S. Cattle on Feed Up in feedlots with capacity of 1,000 or more head totaled 11.6 million on May 1, 2026 - 2 percent above May 1, 2025. • Pla...

Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published...

USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to...

Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all...

Jul 26 Corn closed at $4.6325/bushel, up $0.01 from yesterday's close.  Jul 26 Wheat closed at $6.4625/bushel, down $0.0125 from yesterday's close.&nb...

April 2026 total red meat and poultry stocks were up sharply from March but 1.6 percent below April 2025 levels due to continued declines in poultry and po...

Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes.  The Capesize sect...

New Trade Agreements U.S. and Indian officials say that bilateral trade negotiations are progressing on a comprehensive deal to expand earlier completed ch...

Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced rene...

Jul 26 Corn closed at $4.6225/bushel, down $0.035 from yesterday's close.  Jul 26 Wheat closed at $6.475/bushel, down $0.13 from yesterday's close.&nb...

Key Takeaways: Major meatpackers are seeing massive losses in their beef divisions, with cattle prices at record levels amid low inventories. Drought cont...

USDA’s monthly cattle on feed report for 1 May will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory...

What You Need to Know Today: Chinese officials indicated that China and the U.S. have agreed to cut 10 percent tariffs on imports. Chinese officials confi...

Free Trade to State Direction  Conceptually, American farmers are huge winners under a free trade policy promising fair and equitable terms. As critic...

Jul 26 Corn closed at $4.6575/bushel, down $0.095 from yesterday's close.  Jul 26 Wheat closed at $6.605/bushel, down $0.0675 from yesterday's close.&...

Russian Grain Markets: 11 - 15 May 2026 The Russian grains market showed a broadly bullish tone across the European part of the country during the week, wh...

Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitiv...

World Perspectives, Inc. is pleased to announce a new member to our team. Cortney Zimmerman joined WPI in January as the Communications Manager. In this ro...

What You Need to Know Today: Excitement over China’s agreement to purchase $17 billion of U.S. ag commodities subsided, as traders are cautious amid...

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts, reversing a three-week buying trend. Fun...

There has been more analysis of the Trump-Xi meeting last week than decades worth of papers written on the fall of Rome and the assassination of JFK. Optim...

As WPI reported, Presidents Trump and Xi held a bilateral summit last week (World Perspectives), the first since 2017, with some uncertainty over the outco...

Jul 26 Corn closed at $4.7525/bushel, down $0.0175 from yesterday's close.  Jul 26 Wheat closed at $6.6725/bushel, up $0.0275 from yesterday's close.&...

Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is said to import about 20 million MT of grains and oilseeds annually through Persian...

Texas Attorney General Ken Paxton on Friday launched an investigation into the beef industry over potential anticompetitive conduct among the nation’...

Jul 26 Corn closed at $4.77/bushel, up $0.2125 from yesterday's close.  Jul 26 Wheat closed at $6.645/bushel, up $0.2875 from yesterday's close. ...

What You Need to Know Today: Markets opened double digits higher Sunday evening following the release of Chinese and American official summaries of bilater...

Corn Argentina’s corn harvest remains virtually stalled as producers continue prioritizing the soybean harvest, which has advanced rapidly in recent...

With no bullish surprise out of Beijing this week and good weather taking over many global crop areas, funds spent the past couple of days selling off the...

The long-awaited meeting between President Trump and President Xi of China has concluded, and details are elusive, though Trump stated today that he and Xi...

Jul 26 Corn closed at $4.5575/bushel, down $0.1175 from yesterday's close.  Jul 26 Wheat closed at $6.3575/bushel, down $0.2225 from yesterday's close...

Key Takeaways  Weather conditions in China and India are deteriorating and threatening the wheat crops. Drought conditions in China are not without p...

We at WPI hear frequently that U.S. agriculture is broken and needs fixing. This argument is often heard in MAHA-related discussions and focuses on highly...

There was heavy volume exiting soybeans, which dragged down the broader market today. The lack of a specific Chinese buying commitment for soybeans undermi...

On Tuesday, 12 May, WPI reported on an Executive Order being prepared by the Trump Administration to suspend tariff rate quotas (TRQs) on beef from all exp...

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and analysis. Current Ag P...

Jul 26 Corn closed at $4.675/bushel, down $0.1325 from yesterday's close.  Jul 26 Wheat closed at $6.58/bushel, down $0.175 from yesterday's close.&nb...

USDA’s initial outlook for 2026/27 U.S. soybeans is that increased production will be offset by strong demand for soybean oil as a biofuel. The soybe...

USDA’s initial outlook for 2026/27 corn is that the U.S. remains the largest global exporter. The season-average farm price is projected to increase...

USDA’s initial outlook for 2026/27 U.S. wheat is for a significant reduction in Hard Red Winter wheat: The expectation is for an 18 percent decline i...

Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly...

A federal appeals court paused a USITC ruling against President Trump’s use of Section 122 to impose 10-percent global tariffs.  A bipartisan gr...

Russian Grain Markets: 4 - 8 May 2026 During the week under review, the Russian grain market began showing more bullish sentiment despite the traditionally...

Jul 26 Corn closed at $4.8075/bushel, up $0.0075 from yesterday's close.  Jul 26 Wheat closed at $6.755/bushel, down $0.035 from yesterday's close.&nb...

What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri...

If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control...

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...

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...

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...

Regional News Egypt reiterated plans to achieve self-sufficiency in wheat supplies for the country’s subsidized bread program by 2028, although the t...

Jul 26 Corn closed at $4.8/bushel, up $0.0475 from yesterday's close.  Jul 26 Wheat closed at $6.79/bushel, up $0.45 from yesterday's close.  Jul...

The Trump Administration is planning a suspension of tariff rate quotas (TRQs) on beef from all exporters for 200 days as a means to address high beef pric...

Beef packer margins deteriorated to -$208/head last week, down $24 from the prior week as higher fed cattle prices continued to outpace wholesale beef valu...

What You Need to Know Today: Energy markets are sharply higher after President Trump rejected a weekend Iranian counter proposal that did not include limi...

Tax Policy Teed Up The debate over taxes on billionaires is heating up a larger fight over tax policy for the next U.S. Congress. This is good news because...

At a joint press conference last week between the Department of Justice and USDA, Acting Attorney General Todd Blanche stated that he and Rollins were pres...

CORN Argentina’s corn harvest remains practically paralyzed, with weekly progress of less than 2 percent, in sharp contrast to soybeans, which advanc...

Jul 26 Corn closed at $4.7525/bushel, up $0.04 from yesterday's close.  Jul 26 Wheat closed at $6.34/bushel, up $0.15 from yesterday's close.  Ju...

Friday’s CFTC report showed funds adding to net long positions across the major ag futures contracts for the third straight week as weather concerns...

What You Need to Know Today Ag markets have placed bets on new soybean demand from China after next week’s Xi-Trump meeting. While the media predict...

Jul 26 Corn closed at $4.7125/bushel, up $0.0375 from yesterday's close.  Jul 26 Wheat closed at $6.19/bushel, up $0.0675 from yesterday's close. ...

Nonfarm payrolls rose 115,000 in April, beating the consensus expectation for a gain of 65,000. Payroll gains for February and March were revised down by a...

Twenty years ago, An Inconvenient Truth helped bring climate risk into the public foreground. Al Gore’s film and book contributed to a transformation...

What You Need to Know Today Agricultural futures spent a third straight session mostly lower after partially recovering from morning lows.  The war in...

Jul 26 Corn closed at $4.675/bushel, down $0.01 from yesterday's close.  Jul 26 Wheat closed at $6.1225/bushel, down $0.05 from yesterday's close.&nbs...

It is now May, the kick-off of the retail meat demand surge, and a shift in the types of products. There are a variety of events that result in a notable s...

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and an...

Key Market Insights Macros: Macro markets traded a sharp shift in tone Wednesday as traders aggressively pulled risk premium from the market on growing opt...

Gutless politicians are an unsurprising feature, but are nonetheless disappointing. Their constituents often do not care why beef prices are high; they jus...

Beef packer margins deteriorated to -$184/head last week, down $84 from the prior week as sharply higher fed cattle prices outpaced a modest rebound in the...

Jul 26 Corn closed at $4.685/bushel, down $0.115 from yesterday's close.  Jul 26 Wheat closed at $6.1725/bushel, down $0.105 from yesterday's close.&n...

Russian Grain Markets: 27 April - 1 May 2026 The Russian grains market remained volatile but predominantly bullish during the week in review. However, rubl...

What You Need to Know Today: U.S. naval escorts through the Strait of Hormuz and renewed Iranian attacks on vessels and UAE infrastructure are sustaining...

The House Energy and Commerce Subcommittee on Health held a hearing on legislative proposals concerning food regulation and oversight. The hearing was focu...

Jul 26 Corn closed at $4.8/bushel, down $0.0575 from yesterday's close.  Jul 26 Wheat closed at $6.2775/bushel, down $0.1325 from yesterday's close.&n...

Decline of China Ag Import Market The media has focused on China’s self-sufficiency effort in agriculture and its implications. In a largely politica...

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt and Algeria, in addition to Israel, are being monitored by Ukraine as possible desti...

What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical...

The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away fro...

All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas)...

Jul 26 Corn closed at $4.8575/bushel, up $0.055 from yesterday's close.  Jul 26 Wheat closed at $6.41/bushel, up $0.0325 from yesterday's close. ...

CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind su...

The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the stre...

Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent gr...

Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and...

Jul 26 Corn closed at $4.8025/bushel, up $0.055 from yesterday's close.  Jul 26 Wheat closed at $6.3775/bushel, up $0.01 from yesterday's close. ...

WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporat...

Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures in...

An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit C...

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and an...

Jul 26 Corn closed at $4.7475/bushel, down $0.03 from yesterday's close.  Jul 26 Wheat closed at $6.3675/bushel, down $0.1625 from yesterday's close.&...

What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk pre...

Jul 26 Corn closed at $4.7775/bushel, up $0.0225 from yesterday's close.  Jul 26 Wheat closed at $6.53/bushel, down $0.0475 from yesterday's close.&nb...