Summary of Futures
May 26 Corn closed at $4.4875/bushel, up $0.0025 from yesterday's close. May 26 Wheat closed at $5.9125/bushel, down $0.0725 from yesterday's close. May 26 Soybeans closed at $11.6725/bushel, up $0.035 from yesterday's close. May 26 Soymeal closed at $331.8/short ton, down $0...
Market Commentary: Rebound for Corn, Beans on Iran News; Wheat Declines
New variables specifically in the agricultural markets were light today, but the Iran war news hit some markets like a tsunami. The war and Iran’s chokehold on global oil supplies have subjugated economies for nearly seven weeks with outsized petrol prices. Everything became distorted aro...
Cattle on Feed Report: Neutral
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more of capacity amounted to 11.6 million head, 99 percent of last year. The steer and steer calf inventory was down slightly from a year ago at 7.256 million head,...
Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere
There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...
Livestock Roundup: Cattle on Feed Preview
USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head. The big line item to watch agai...
Summary of Futures
May 26 Corn closed at $4.485/bushel, down $0.0275 from yesterday's close. May 26 Wheat closed at $5.985/bushel, up $0.0475 from yesterday's close. May 26 Soybeans closed at $11.6375/bushel, down $0.0325 from yesterday's close. May 26 Soymeal closed at $332.7/short ton, down $1...
Transportation Perspectives - 16 April
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 subscr...
Summary of Futures
May 26 Corn closed at $4.5125/bushel, up $0.0825 from yesterday's close. May 26 Wheat closed at $5.9375/bushel, up $0.0175 from yesterday's close. May 26 Soybeans closed at $11.67/bushel, up $0.09 from yesterday's close. May 26 Soymeal closed at $334.4/short ton, up $4.7 from...
Market Commentary: Markets Discount Risk as Grains Quietly Hold Ground
Key Market Developments Macros & Energy: Outside markets continue to trade in a tug-of-war between escalation and de-escalation — and crude oil is right at the center of it. Overnight, crude pulled back toward $87 as headlines pointed to a potential resumption of peace negotiat...
War Impacts; Taxes and Tariffs
War Impacts May soybeans are now within a penny of their value two weeks ago, and May corn is back up to within half a percent of its price at that time. The S&P closed above 7,000 for the first time, and the Nasdaq hit a record high. The cost of gasoline is about 15 percent higher th...
Summary of Futures
May 26 Corn closed at $4.43/bushel, up $0.0275 from yesterday's close. May 26 Wheat closed at $5.92/bushel, up $0.0975 from yesterday's close. May 26 Soybeans closed at $11.58/bushel, down $0.0425 from yesterday's close. May 26 Soymeal closed at $329.7/short ton, down $2.2 fro...
Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records
The CBOT received several pieces of key fundamental information on Tuesday, including updated production figures from CONAB, the results of the USDA’s Monday Crop Progress report, and fresh export sales of corn to Mexico. The result was that wheat popped higher on growing concerns for yie...
Summary of Futures
May 26 Corn closed at $4.4875/bushel, up $0.0025 from yesterday's close. May 26 Wheat closed at $5.9125/bushel, down $0.0725 from yesterday's close. May 26 Soybeans closed at $11.6725/bushel, up $0.035 from yesterday's close. May 26 Soymeal closed at $331.8/short ton, down $0...
Market Commentary: Rebound for Corn, Beans on Iran News; Wheat Declines
New variables specifically in the agricultural markets were light today, but the Iran war news hit some markets like a tsunami. The war and Iran’s chokehold on global oil supplies have subjugated economies for nearly seven weeks with outsized petrol prices. Everything became distorted aro...
Cattle on Feed Report: Neutral
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more of capacity amounted to 11.6 million head, 99 percent of last year. The steer and steer calf inventory was down slightly from a year ago at 7.256 million head,...
Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere
There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...
Livestock Roundup: Cattle on Feed Preview
USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head. The big line item to watch agai...
Summary of Futures
May 26 Corn closed at $4.485/bushel, down $0.0275 from yesterday's close. May 26 Wheat closed at $5.985/bushel, up $0.0475 from yesterday's close. May 26 Soybeans closed at $11.6375/bushel, down $0.0325 from yesterday's close. May 26 Soymeal closed at $332.7/short ton, down $1...
Transportation Perspectives - 16 April
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 subscr...
Summary of Futures
May 26 Corn closed at $4.5125/bushel, up $0.0825 from yesterday's close. May 26 Wheat closed at $5.9375/bushel, up $0.0175 from yesterday's close. May 26 Soybeans closed at $11.67/bushel, up $0.09 from yesterday's close. May 26 Soymeal closed at $334.4/short ton, up $4.7 from...
Market Commentary: Markets Discount Risk as Grains Quietly Hold Ground
Key Market Developments Macros & Energy: Outside markets continue to trade in a tug-of-war between escalation and de-escalation — and crude oil is right at the center of it. Overnight, crude pulled back toward $87 as headlines pointed to a potential resumption of peace negotiat...
War Impacts; Taxes and Tariffs
War Impacts May soybeans are now within a penny of their value two weeks ago, and May corn is back up to within half a percent of its price at that time. The S&P closed above 7,000 for the first time, and the Nasdaq hit a record high. The cost of gasoline is about 15 percent higher th...
Summary of Futures
May 26 Corn closed at $4.43/bushel, up $0.0275 from yesterday's close. May 26 Wheat closed at $5.92/bushel, up $0.0975 from yesterday's close. May 26 Soybeans closed at $11.58/bushel, down $0.0425 from yesterday's close. May 26 Soymeal closed at $329.7/short ton, down $2.2 fro...
Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records
The CBOT received several pieces of key fundamental information on Tuesday, including updated production figures from CONAB, the results of the USDA’s Monday Crop Progress report, and fresh export sales of corn to Mexico. The result was that wheat popped higher on growing concerns for yie...