World Perspectives

Recent China Analysis

soy-oilseeds

WASDE Soybeans - August 2025

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 bushels, down 20 million from last month. The U.S. seasonal average farm price for soybean is unchanged at $10.10 per bushel. The soybean m...

feed-grains

WASDE Corn - August 2025

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. exports are increased 200 million bushels to a record 2.9 billion bushels. Regardless, U.S. ending stocks are up 457 million bushels to 2...

wheat

WASDE Wheat - August 2025

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 for Hard Red Winter. Projected ending stocks are reduced by 21 million bushels to 869 million. Nevertheless, the 2025/26 season-average far...

feed-grains soy-oilseeds wheat

Market Commentary: Ephemeral Trump Bump

The U.S. – China tariff war truce technically expires tomorrow and in negotiating its extension, President Trump decided to signal his hope that Beijing would purchase some U.S. soybeans. There is no indication that this will be the end result, but in futures it is buy the rumor. Tomorrow...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Weather Disrupts Argentine Corn Harvest  Heavy rains have compounded weeks of high humidity in Buenos Aires province, marking July as the wettest in the core region in 40 years. While the improved soil moisture will be beneficial for corn planting that’s set to begin in about a month...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Export  Taxes The topic of export taxes continues to spark debate in Argentina, particularly soybean taxes. The return to a 33 percent rate for soybeans has made planting unviable in large parts of the agricultural area. In corn, the increase of 3 percentage points is less impactful, and t...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 7 – 11 July 2025 The export market is drawing all the attention and in the southern (export oriented) regions of Russia, demand and hunger for more business surpass supply, thus bringing prices back to previous levels, sometimes even higher. In some regions where ha...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  President Trump announced 30 percent tariffs on imports from the EU effective 1 August even as the EU and U.S. trade negotiations continue.  Western Europe saw heavy and mostly beneficial precipitation last week, but a dry trend is now emerging for the region. Last week...

soy-oilseeds

WASDE Soybeans - July 2025

USDA’s July 2025 outlook for U.S. soybeans is for increased ending stocks compared to last month: U.S. soybean crush for 2025/26 was raised 50 million bushels to 2.54 billion on the assumption that demand for soybean oil for biofuel would increase. The U.S. seasonal average farm price of...

feed-grains

WASDE Corn - July 2025

USDA’s July 2025 outlook for U.S. corn is a reduction in ending stocks from the June estimate of 1.75 billion bushels to 1.66 billion bushels. U.S. corn exports were increased 100 million bushels to 2.8 billion; If realized, those exports would be record high. The seasonal average farm pr...

wheat

WASDE Wheat - July 2025

USDA’s July 2025 outlook for U.S. wheat is for a 1 bushel per acre increase in average yield to 52.6 bushels per acre. The projection is for U.S. wheat production to increase 8 million bushels to 1,929 million bushels. However, the estimate for U.S. wheat exports is raised by 25 million b...

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...

soy-oilseeds

WASDE Soybeans - August 2025

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 bushels, down 20 million from last month. The U.S. seasonal average farm price for soybean is unchanged at $10.10 per bushel. The soybean m...

feed-grains

WASDE Corn - August 2025

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. exports are increased 200 million bushels to a record 2.9 billion bushels. Regardless, U.S. ending stocks are up 457 million bushels to 2...

wheat

WASDE Wheat - August 2025

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 for Hard Red Winter. Projected ending stocks are reduced by 21 million bushels to 869 million. Nevertheless, the 2025/26 season-average far...

feed-grains soy-oilseeds wheat

Market Commentary: Ephemeral Trump Bump

The U.S. – China tariff war truce technically expires tomorrow and in negotiating its extension, President Trump decided to signal his hope that Beijing would purchase some U.S. soybeans. There is no indication that this will be the end result, but in futures it is buy the rumor. Tomorrow...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Weather Disrupts Argentine Corn Harvest  Heavy rains have compounded weeks of high humidity in Buenos Aires province, marking July as the wettest in the core region in 40 years. While the improved soil moisture will be beneficial for corn planting that’s set to begin in about a month...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Export  Taxes The topic of export taxes continues to spark debate in Argentina, particularly soybean taxes. The return to a 33 percent rate for soybeans has made planting unviable in large parts of the agricultural area. In corn, the increase of 3 percentage points is less impactful, and t...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 7 – 11 July 2025 The export market is drawing all the attention and in the southern (export oriented) regions of Russia, demand and hunger for more business surpass supply, thus bringing prices back to previous levels, sometimes even higher. In some regions where ha...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  President Trump announced 30 percent tariffs on imports from the EU effective 1 August even as the EU and U.S. trade negotiations continue.  Western Europe saw heavy and mostly beneficial precipitation last week, but a dry trend is now emerging for the region. Last week...

soy-oilseeds

WASDE Soybeans - July 2025

USDA’s July 2025 outlook for U.S. soybeans is for increased ending stocks compared to last month: U.S. soybean crush for 2025/26 was raised 50 million bushels to 2.54 billion on the assumption that demand for soybean oil for biofuel would increase. The U.S. seasonal average farm price of...

feed-grains

WASDE Corn - July 2025

USDA’s July 2025 outlook for U.S. corn is a reduction in ending stocks from the June estimate of 1.75 billion bushels to 1.66 billion bushels. U.S. corn exports were increased 100 million bushels to 2.8 billion; If realized, those exports would be record high. The seasonal average farm pr...

wheat

WASDE Wheat - July 2025

USDA’s July 2025 outlook for U.S. wheat is for a 1 bushel per acre increase in average yield to 52.6 bushels per acre. The projection is for U.S. wheat production to increase 8 million bushels to 1,929 million bushels. However, the estimate for U.S. wheat exports is raised by 25 million b...

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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