Recent Feed Grains Analysis
Market Commentary: At the Crossroads of Pressure and Possibility
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Summary of Futures
Dec 26 Corn closed at $4.6325/bushel, up $0.0125 from yesterday's close. Dec 26 Wheat closed at $6.2825/bushel, down $0.15 from yesterday's close. Nov 26 Soybeans closed at $12.4525/bushel, down $0.03 from yesterday's close. Dec 26 Soymeal closed at $348.3/short ton, down $0.4...
Black Sea Regional Analysis
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
Summary of Futures
Dec 26 Corn closed at $4.62/bushel, down $0.05 from yesterday's close. Dec 26 Wheat closed at $6.4325/bushel, down $0.12 from yesterday's close. Nov 26 Soybeans closed at $12.4825/bushel, down $0.0525 from yesterday's close. Dec 26 Soymeal closed at $348.7/short ton, down $6.1...
Market Commentary: Weaker Spread Trade Hints at Slack Demand, Triggers Fund Selling
What You Need to Know Today: Corn and soybeans were under heavy selling pressure as weaker (or at least as-expected) export demand runs into an accelerating harvest pace with more grain available in the spot market. Corn and soybean harvest progress remains below average across the U.S., espec...
Alberta Votes Overwhelmingly to Stay with Canada
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
Summary of Futures
Dec 26 Corn closed at $4.67/bushel, down $0.0725 from yesterday's close. Dec 26 Wheat closed at $6.5525/bushel, down $0.0525 from yesterday's close. Nov 26 Soybeans closed at $12.535/bushel, down $0.0775 from yesterday's close. Dec 26 Soymeal closed at $354.8/short ton, down $...
Market Commentary: Perceptions of Production Change as Harvest Advances
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
India’s Changing Sugar Policies Have Implications for an Evolving Corn Market
Key Takeaways: India is excluding sugarcane juice, sugar syrup, and B-heavy molasses from its 2026/27 fuel ethanol procurement program to protect domestic sugar supplies, potentially shifting additional demand toward corn and rice. India’s corn consumption for ethanol has surged from jus...
WPI Crop Progress and Conditions App (Updated 19 October)
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Mercosur Regional Analysis
Argentina Sunflower Sunflower remains one of the most attractive crops in Argentina, supported by strong demand and favorable prices that currently offer some of the best projected production margins among summer crops. Planted area is estimated at 3.0-3.1 Mha, with around 42 percent already se...
Market Commentary: At the Crossroads of Pressure and Possibility
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Summary of Futures
Dec 26 Corn closed at $4.6325/bushel, up $0.0125 from yesterday's close. Dec 26 Wheat closed at $6.2825/bushel, down $0.15 from yesterday's close. Nov 26 Soybeans closed at $12.4525/bushel, down $0.03 from yesterday's close. Dec 26 Soymeal closed at $348.3/short ton, down $0.4...
Black Sea Regional Analysis
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
Summary of Futures
Dec 26 Corn closed at $4.62/bushel, down $0.05 from yesterday's close. Dec 26 Wheat closed at $6.4325/bushel, down $0.12 from yesterday's close. Nov 26 Soybeans closed at $12.4825/bushel, down $0.0525 from yesterday's close. Dec 26 Soymeal closed at $348.7/short ton, down $6.1...
Market Commentary: Weaker Spread Trade Hints at Slack Demand, Triggers Fund Selling
What You Need to Know Today: Corn and soybeans were under heavy selling pressure as weaker (or at least as-expected) export demand runs into an accelerating harvest pace with more grain available in the spot market. Corn and soybean harvest progress remains below average across the U.S., espec...
Alberta Votes Overwhelmingly to Stay with Canada
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
Summary of Futures
Dec 26 Corn closed at $4.67/bushel, down $0.0725 from yesterday's close. Dec 26 Wheat closed at $6.5525/bushel, down $0.0525 from yesterday's close. Nov 26 Soybeans closed at $12.535/bushel, down $0.0775 from yesterday's close. Dec 26 Soymeal closed at $354.8/short ton, down $...
Market Commentary: Perceptions of Production Change as Harvest Advances
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
India’s Changing Sugar Policies Have Implications for an Evolving Corn Market
Key Takeaways: India is excluding sugarcane juice, sugar syrup, and B-heavy molasses from its 2026/27 fuel ethanol procurement program to protect domestic sugar supplies, potentially shifting additional demand toward corn and rice. India’s corn consumption for ethanol has surged from jus...
WPI Crop Progress and Conditions App (Updated 19 October)
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Mercosur Regional Analysis
Argentina Sunflower Sunflower remains one of the most attractive crops in Argentina, supported by strong demand and favorable prices that currently offer some of the best projected production margins among summer crops. Planted area is estimated at 3.0-3.1 Mha, with around 42 percent already se...