Transportation Perspectives - 16 July
Key Takeaways: Tensions in the Persian Gulf are further away than ever from being resolved, as the ceasefire has fallen apart completely and the U.S. and Iran are back to trading blows. Ships are still cautiously exiting the Strait of Hormuz but at a much slower rate than just a few week...
Summary of Futures
Dec 26 Corn closed at $4.695/bushel, up $0.09 from yesterday's close. Sep 26 Wheat closed at $6.775/bushel, up $0.325 from yesterday's close. Nov 26 Soybeans closed at $12.0175/bushel, up $0.1075 from yesterday's close. Dec 26 Soymeal closed at $320/short ton, up $3.7 from yes...
Market Commentary: The Bulls Are Back in Town?
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Cover Crops Gain Momentum as a Tool to Improve Soil Health
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While cover crops do not provide immediate revenue, their long-term benefits include improved nutrient retention, water management, and soil produc...
Ethanol Margin and Corn Use Outlook
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and corn consumption for 2025/26 and early 2026/27. The EIA reported that ethanol production fell 4.8 percent for the week ending 10 July...
FOB Prices and Freight Rates App (Updated 15 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 “...
Market Commentary: Corn, Soybeans Fall on Conditions Data; Wheat Reverses the Reversal
What You Need to Know Today: Attacks between the U.S. and Iran intensified overnight and the U.S. Central Command reported that the U.S. naval blockade against Iran will begin at 3:00 PM CDT Tuesday. President Trump said the Strait of Hormuz is open to all shipping traffic, except Iran. In an...
Livestock Industry Margins
Beef packer margins improved to -$172/head last week, up $31 from the prior week as sharply lower fed cattle prices more than offset a seasonal decline in the Choice cutout. The cutout fell to $382/cwt while fed cattle prices dropped to $248/cwt, allowing packers to recover some of the margin c...
Summary of Futures
Dec 26 Corn closed at $4.605/bushel, down $0.0275 from yesterday's close. Sep 26 Wheat closed at $6.45/bushel, up $0.0975 from yesterday's close. Nov 26 Soybeans closed at $11.91/bushel, down $0.0375 from yesterday's close. Dec 26 Soymeal closed at $316.3/short ton, up $1.3 fr...
Aquaculture: A Protein Production Growth Opportunity
Key Takeaways: Aquaculture is becoming increasingly important in meeting global seafood demand, gaining market share as wild-caught fisheries face production limitations. Superior feed conversion efficiency gives aquaculture a competitive advantage over traditional livestock production, with l...
Consumer Price Index Falls in June
This morning’s Consumer Price Index (CPI) report makes it less likely that the Fed will hike short-term rates at the September Federal Open Market Committee (FOMC) meeting. Consumer prices declined in June as energy prices moved sharply lower following a temporary peace agreement between...
CFTC COT Report Analysis
The weather rally continues to shift fund positioning and sentiment from its former bearish posture to a far more bullish configuration. Managed money traders purchased 93,000 contracts across the ag markets, expanding their all-ags net long 98 percent in the process. The biggest drivers of the...
Transportation Perspectives - 16 July
Key Takeaways: Tensions in the Persian Gulf are further away than ever from being resolved, as the ceasefire has fallen apart completely and the U.S. and Iran are back to trading blows. Ships are still cautiously exiting the Strait of Hormuz but at a much slower rate than just a few week...
Summary of Futures
Dec 26 Corn closed at $4.695/bushel, up $0.09 from yesterday's close. Sep 26 Wheat closed at $6.775/bushel, up $0.325 from yesterday's close. Nov 26 Soybeans closed at $12.0175/bushel, up $0.1075 from yesterday's close. Dec 26 Soymeal closed at $320/short ton, up $3.7 from yes...
Market Commentary: The Bulls Are Back in Town?
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Cover Crops Gain Momentum as a Tool to Improve Soil Health
Key Takeaways: Cover crops are gaining adoption as farmers seek to improve soil health, reduce erosion, and build more resilient cropping systems. While cover crops do not provide immediate revenue, their long-term benefits include improved nutrient retention, water management, and soil produc...
Ethanol Margin and Corn Use Outlook
The latest EIA data showed some interesting anomalies in the ethanol industry, changes that will have a material impact on the industry’s profits and corn consumption for 2025/26 and early 2026/27. The EIA reported that ethanol production fell 4.8 percent for the week ending 10 July...
FOB Prices and Freight Rates App (Updated 15 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 “...
Market Commentary: Corn, Soybeans Fall on Conditions Data; Wheat Reverses the Reversal
What You Need to Know Today: Attacks between the U.S. and Iran intensified overnight and the U.S. Central Command reported that the U.S. naval blockade against Iran will begin at 3:00 PM CDT Tuesday. President Trump said the Strait of Hormuz is open to all shipping traffic, except Iran. In an...
Livestock Industry Margins
Beef packer margins improved to -$172/head last week, up $31 from the prior week as sharply lower fed cattle prices more than offset a seasonal decline in the Choice cutout. The cutout fell to $382/cwt while fed cattle prices dropped to $248/cwt, allowing packers to recover some of the margin c...
Summary of Futures
Dec 26 Corn closed at $4.605/bushel, down $0.0275 from yesterday's close. Sep 26 Wheat closed at $6.45/bushel, up $0.0975 from yesterday's close. Nov 26 Soybeans closed at $11.91/bushel, down $0.0375 from yesterday's close. Dec 26 Soymeal closed at $316.3/short ton, up $1.3 fr...
Aquaculture: A Protein Production Growth Opportunity
Key Takeaways: Aquaculture is becoming increasingly important in meeting global seafood demand, gaining market share as wild-caught fisheries face production limitations. Superior feed conversion efficiency gives aquaculture a competitive advantage over traditional livestock production, with l...
Consumer Price Index Falls in June
This morning’s Consumer Price Index (CPI) report makes it less likely that the Fed will hike short-term rates at the September Federal Open Market Committee (FOMC) meeting. Consumer prices declined in June as energy prices moved sharply lower following a temporary peace agreement between...
CFTC COT Report Analysis
The weather rally continues to shift fund positioning and sentiment from its former bearish posture to a far more bullish configuration. Managed money traders purchased 93,000 contracts across the ag markets, expanding their all-ags net long 98 percent in the process. The biggest drivers of the...