World Perspectives

Recent Black Sea Analysis

FOB Prices and Freight Rates App (Updated 29 May)

WPI Grain Prices and Freight Rate App   Note: you can also visit the app directly by clicking here.   Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market, 18-22 May 2026 Last week, Russian grain markets remained bullish all over the European part of the country. This times, even the Asian regions saw prices recover to new levels. This rally occurred on the heels of zero export duties and a very strong RUB.  The rally i...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

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, while conditions in the Asian regions remained stable to slightly bearish. In the southern federal district, the key wheat export hub, prices...

soy-oilseeds biofuel energy

Soyoil Prices Continue to Be Bullish Amid High Energy Prices and Favorable Biofuel Policy

Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...

Transportation Perspectives - May 14

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and analysis. Current Ag Perspectives subscribers will have gratis access to the report through 16 April 2026. Please email us or subscribe online after this date to...

wheat

WASDE Corn - May 2026

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 to $4.40 per bushel, up 25 cents. World corn imports are forecast to rise 1 percent...

wheat

WASDE Wheat - May 2026

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 in ending stocks and a $1.50-bushel increase in the seasonal average farm price to $6.50 per bushel.  Total global wheat production is e...

Policy Roundup

A federal appeals court paused a USITC ruling against President Trump’s use of Section 122 to impose 10-percent global tariffs.  A bipartisan group of 80 House members asked USTR to investigate specialty crop imports from Mexico for unfair trade practices.  India notified the WT...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 4 - 8 May 2026 During the week under review, the Russian grain market began showing more bullish sentiment despite the traditionally slow pace of business during the May holiday period. Russia celebrates several holidays during early May, with Victory Day on 9 May being t...

feed-grains soy-oilseeds wheat

Market Commentary: USDA Slashes Wheat Outlook, Soy Balance Sheet Heavily Yield-Dependent

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 Island.  The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...

wheat

AP Quant: WASDE Wheat

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 compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...

soy-oilseeds

AP Quant: WASDE Soybeans

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 compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...

FOB Prices and Freight Rates App (Updated 29 May)

WPI Grain Prices and Freight Rate App   Note: you can also visit the app directly by clicking here.   Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market, 18-22 May 2026 Last week, Russian grain markets remained bullish all over the European part of the country. This times, even the Asian regions saw prices recover to new levels. This rally occurred on the heels of zero export duties and a very strong RUB.  The rally i...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

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, while conditions in the Asian regions remained stable to slightly bearish. In the southern federal district, the key wheat export hub, prices...

soy-oilseeds biofuel energy

Soyoil Prices Continue to Be Bullish Amid High Energy Prices and Favorable Biofuel Policy

Key Takeaways: Soyoil futures have been trading at the highest levels since 2022. Higher crude oil prices have allowed biofuels to be more cost-competitive with fossil fuels. Recent U.S. biofuel policy, including 45Z, has been favorable toward soyoil as a feedstock. California will be limiting...

Transportation Perspectives - May 14

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and analysis. Current Ag Perspectives subscribers will have gratis access to the report through 16 April 2026. Please email us or subscribe online after this date to...

wheat

WASDE Corn - May 2026

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 to $4.40 per bushel, up 25 cents. World corn imports are forecast to rise 1 percent...

wheat

WASDE Wheat - May 2026

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 in ending stocks and a $1.50-bushel increase in the seasonal average farm price to $6.50 per bushel.  Total global wheat production is e...

Policy Roundup

A federal appeals court paused a USITC ruling against President Trump’s use of Section 122 to impose 10-percent global tariffs.  A bipartisan group of 80 House members asked USTR to investigate specialty crop imports from Mexico for unfair trade practices.  India notified the WT...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 4 - 8 May 2026 During the week under review, the Russian grain market began showing more bullish sentiment despite the traditionally slow pace of business during the May holiday period. Russia celebrates several holidays during early May, with Victory Day on 9 May being t...

feed-grains soy-oilseeds wheat

Market Commentary: USDA Slashes Wheat Outlook, Soy Balance Sheet Heavily Yield-Dependent

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 Island.  The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...

wheat

AP Quant: WASDE Wheat

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 compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...

soy-oilseeds

AP Quant: WASDE Soybeans

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 compilation of relevant market factors, only those which we feel are of top priority. WPI will seek to expand the offerings in this report and w...

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