WASDE Soybeans - July 2026
USDA’s July WASDE outlook for 2026/27 left ending stocks of U.S. soybeans unchanged at 310 million bushels for 2026/27. Prices also are unchanged for 2026/27 - the average U.S. soybean price is forecast at $11.40 per bushel; soybean meal and oil prices are projected at $310 per short ton...
WASDE Corn - July 2026
USDA’s July WASDE outlook for 2026/27 reduced total U.S. corn ending stocks by 170 million bushels to 1.8 billion. The season-average farm price received by farmers is unchanged at $4.40 per bushel. Foreign corn production was cut due to record heat in France. If realized, French pr...
WASDE Wheat - July 2026
USDA’s July WASDE outlook for 2026/27 reduced total U.S. wheat production by 7 million bushels from last month to 1,536 million – which is the lowest U.S. wheat production since 1970/71. The result is that projected 2026/27 ending stocks are 722 million bushels, which is down 22 per...
AP Quant: WASDE Vegoils
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents 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 WPI feels are...
AP Quant: WASDE Wheat
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents 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 WPI feels are...
AP Quant: WASDE Soybeans
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents 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 WPI feels are...
AP Quant: WASDE Corn
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - 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 WPI feels are of...
Soyoil Clears an EU Regulatory Hurdle, but Demand Growth Faces Other Challenges
Key Takeaways: The European Parliament rejected a proposal to classify soyoil as a high ILUC-risk feedstock, preventing a potential phaseout from EU biofuel markets by 2030. Palm oil remains the only major vegetable oil designated as high ILUC-risk in the EU due to concerns over expansion into...
FOB Prices and Freight Rates App (Updated 8 July)
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 “...
U.S. Exports to Cuba: It’s About Displacement
As Cuba's economic crisis has deepened, discussions about the country's eventual economic and political transition have reemerged. One question that inevitably follows is what opportunities might emerge for U.S. agricultural exports. So, here’s a brief review of those opportunities, but n...
Transportation Perspectives - 2 July
Key Takeaways Traffic through the Strait of Hormuz is increasing steadily, despite a precarious political situation. The increased flow of vessels through the SOH is pressuring tanker rates, though total volumes remain well below pre-war levels. The big issue in the Strait of Hormu...
The Credibility Gap: Administrative Optimism Meets Commodity Agriculture
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
Transportation Perspectives - 25 June
Key Takeaways: Despite little progress in a U.S.-Iran framework for a peace deal or an agreement itself, vessel transits are picking up in the Strait of Hormuz (SOH). On Wednesday morning, Kpler reported 31 verified vessel transits of the SOH in a positive sign of increased activity in t...
Transportation Perspectives - 16 June
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
New Agreements on Iran War and EU Tariffs, Questions Remain
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
WASDE Soybeans - June 2026
USDA’s June outlook for 2026/27 U.S. soybean supply, use, and price projections is unchanged. U.S. soybean ending stocks are unchanged. The result is that U.S. season-average soybean price for 2026/27 is forecast at $11.40 per bushel; soybean meal and oil prices are $310 per short ton and...
WASDE Wheat - June 2026
USDA’s June outlook for 2026/27 reduced the U.S. average wheat yield by 0.5 bushels per acre to 47.0 bushels and ending stocks are reduced 18 million bushels to 744 million. However, U.S. wheat exports are unchanged at 775 million bushels The result is 2026/27 season-average farm price is...
Transportation Perspectives - 11 June
Vessel supplies in the tanker sector are tightening as vessels are “disappearing” from the position list. There is some indication that the position list on both sides of the Suez is “wanting” right now and many are expecting an uptick in rates. There is an odd lack of t...
AP Quant: WASDE Vegoils
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...
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...
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...
U.S. Soybean Exports Become More Diversified as Reliance on China Declines
Key Takeaways: China's rise to become the world's largest soybean importer reshaped global trade flows, but recent trade tensions have reduced its share of U.S. soybean exports. U.S. soybean exports have become increasingly diversified as exporters expanded sales to multiple emerging markets t...
EU Sovereignty Ruse; Imbalanced Views; USMCA Voices
EU Sovereignty Ruse For years politicians talked like banty roosters about Europe’s soft power leadership, with American leaders hoping that a strong EU would multiply the U.S. power equation. Then Donald Trump ascended to power and called Europe a Potemkin village, infuriating Brussels t...
Man Behind the Curtain; Asia Reversal; Better Mousetrap
Man Behind the Curtain Hypocrisy is a feature and not a bug in politics, but it still deserves no mercy. EU trade minister Maros Sefcovic told Chinese Vice Commerce Minister Li Chenggang that Europe’s trade deficit with the Middle Kingdom is "unsustainable." He urged Li to address it even...
WASDE Soybeans - July 2026
USDA’s July WASDE outlook for 2026/27 left ending stocks of U.S. soybeans unchanged at 310 million bushels for 2026/27. Prices also are unchanged for 2026/27 - the average U.S. soybean price is forecast at $11.40 per bushel; soybean meal and oil prices are projected at $310 per short ton...
WASDE Corn - July 2026
USDA’s July WASDE outlook for 2026/27 reduced total U.S. corn ending stocks by 170 million bushels to 1.8 billion. The season-average farm price received by farmers is unchanged at $4.40 per bushel. Foreign corn production was cut due to record heat in France. If realized, French pr...
WASDE Wheat - July 2026
USDA’s July WASDE outlook for 2026/27 reduced total U.S. wheat production by 7 million bushels from last month to 1,536 million – which is the lowest U.S. wheat production since 1970/71. The result is that projected 2026/27 ending stocks are 722 million bushels, which is down 22 per...
AP Quant: WASDE Vegoils
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents 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 WPI feels are...
AP Quant: WASDE Wheat
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents 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 WPI feels are...
AP Quant: WASDE Soybeans
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - presents 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 WPI feels are...
AP Quant: WASDE Corn
Ag Perspectives Quant - WPI's data-driven look at ag market fundamentals - 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 WPI feels are of...
Soyoil Clears an EU Regulatory Hurdle, but Demand Growth Faces Other Challenges
Key Takeaways: The European Parliament rejected a proposal to classify soyoil as a high ILUC-risk feedstock, preventing a potential phaseout from EU biofuel markets by 2030. Palm oil remains the only major vegetable oil designated as high ILUC-risk in the EU due to concerns over expansion into...
FOB Prices and Freight Rates App (Updated 8 July)
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 “...
U.S. Exports to Cuba: It’s About Displacement
As Cuba's economic crisis has deepened, discussions about the country's eventual economic and political transition have reemerged. One question that inevitably follows is what opportunities might emerge for U.S. agricultural exports. So, here’s a brief review of those opportunities, but n...
Transportation Perspectives - 2 July
Key Takeaways Traffic through the Strait of Hormuz is increasing steadily, despite a precarious political situation. The increased flow of vessels through the SOH is pressuring tanker rates, though total volumes remain well below pre-war levels. The big issue in the Strait of Hormu...
The Credibility Gap: Administrative Optimism Meets Commodity Agriculture
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
Transportation Perspectives - 25 June
Key Takeaways: Despite little progress in a U.S.-Iran framework for a peace deal or an agreement itself, vessel transits are picking up in the Strait of Hormuz (SOH). On Wednesday morning, Kpler reported 31 verified vessel transits of the SOH in a positive sign of increased activity in t...
Transportation Perspectives - 16 June
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
New Agreements on Iran War and EU Tariffs, Questions Remain
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
WASDE Soybeans - June 2026
USDA’s June outlook for 2026/27 U.S. soybean supply, use, and price projections is unchanged. U.S. soybean ending stocks are unchanged. The result is that U.S. season-average soybean price for 2026/27 is forecast at $11.40 per bushel; soybean meal and oil prices are $310 per short ton and...
WASDE Wheat - June 2026
USDA’s June outlook for 2026/27 reduced the U.S. average wheat yield by 0.5 bushels per acre to 47.0 bushels and ending stocks are reduced 18 million bushels to 744 million. However, U.S. wheat exports are unchanged at 775 million bushels The result is 2026/27 season-average farm price is...
Transportation Perspectives - 11 June
Vessel supplies in the tanker sector are tightening as vessels are “disappearing” from the position list. There is some indication that the position list on both sides of the Suez is “wanting” right now and many are expecting an uptick in rates. There is an odd lack of t...
AP Quant: WASDE Vegoils
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...
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...
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...
U.S. Soybean Exports Become More Diversified as Reliance on China Declines
Key Takeaways: China's rise to become the world's largest soybean importer reshaped global trade flows, but recent trade tensions have reduced its share of U.S. soybean exports. U.S. soybean exports have become increasingly diversified as exporters expanded sales to multiple emerging markets t...
EU Sovereignty Ruse; Imbalanced Views; USMCA Voices
EU Sovereignty Ruse For years politicians talked like banty roosters about Europe’s soft power leadership, with American leaders hoping that a strong EU would multiply the U.S. power equation. Then Donald Trump ascended to power and called Europe a Potemkin village, infuriating Brussels t...
Man Behind the Curtain; Asia Reversal; Better Mousetrap
Man Behind the Curtain Hypocrisy is a feature and not a bug in politics, but it still deserves no mercy. EU trade minister Maros Sefcovic told Chinese Vice Commerce Minister Li Chenggang that Europe’s trade deficit with the Middle Kingdom is "unsustainable." He urged Li to address it even...