Export Sales
Export Sales and Shipments for March 13-19, 2026. Wheat: Net sales of 397,200 metric tons (MT) for 2025/2026 were up noticeably from the previous week and up 46 percent from the prior 4-week average. Export shipments of 383,500 MT were unchanged from the previous week, but down 10 percent...
Summary of Futures
May 26 Corn closed at $4.67/bushel, down $0.0025 from yesterday's close. May 26 Wheat closed at $6.05/bushel, up $0.0725 from yesterday's close. May 26 Soybeans closed at $11.7375/bushel, up $0.02 from yesterday's close. May 26 Soymeal closed at $322.1/short ton, up $2.3 from...
Market Commentary: War Worries Continue to Drive the Narrative
War-related higher energies are a mixed story for ags. They could stymie economic growth and thus demand, but they open the door for better biofuel sales. Ags were mostly in the green today, betting on the biofuel market. Reports Export Sales: Last week’s new commitments by foreign...
Why Beef and Pork Prices May Fall Despite Strong Demand
Beef prices dropped sharply this week, with the Choice cutout down about $11/cwt in the past six trading days. The move unnerved live cattle futures on Wednesday (though the market recovered Thursday) and quickly led to concerns about beef demand weakening. After all, isn’t this supposed...
Livestock Roundup: Quarterly Hogs and Pigs Report
USDA released its quarterly hogs and pigs report today. The inventory of all hogs and pigs on 1 March was 74.3 million head, up slightly from March 2025 but down 1.5 percent from 1 December. The report was in line with the previous five-year average of a decrease of 1.8 percent from December to...
Summary of Futures
May 26 Corn closed at $4.6725/bushel, up $0.0475 from yesterday's close. May 26 Wheat closed at $5.9775/bushel, up $0.0775 from yesterday's close. May 26 Soybeans closed at $11.7175/bushel, up $0.1675 from yesterday's close. May 26 Soymeal closed at $319.8/short ton, down $2.6...
Market Commentary: Demand Builds, Markets Await Confirmation
Key Market Developments Macro: Playing or Trading “Truth or Dare” We’ve entered the “truth or dare” phase of this market — where conviction takes a backseat and headlines drive direction. At any given moment, the narrative shifts: progress in negotiations on...
Early 2026 Projections of Cow-Calf Finances
Cow-calf margins hit all-time record highs in 2025 as the industry benefited from the downstream impacts of record-breaking beef demand and the smallest beef cattle herd in decades. As WPI readers will know well, the resulting supply crunch boosted cattle prices across the production landscape...
Iran War Impacts; Trade Agreements
Iran War Impacts Confidence in the economy is often tied to partisan politics, with Democrats seeing green when they control the White House, and Republicans ready to invest when their party is in charge. War always creates uncertainty, but uncertainty does not determine the market. A famous gr...
FOB Prices and Freight Rates App (Updated 25 March)
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 “How To”...
Summary of Futures
May 26 Corn closed at $4.625/bushel, up $0.03 from yesterday's close. May 26 Wheat closed at $5.9/bushel, up $0.0225 from yesterday's close. May 26 Soybeans closed at $11.55/bushel, down $0.085 from yesterday's close. May 26 Soymeal closed at $322.4/short ton, down $4.2 from y...
Market Commentary: Diminishing Energy Impacts on CBOT Trade
Tuesday’s energy markets took back about half of Monday’s losses as tensions in the Arab Gulf flared again, despite recent announcements of diplomatic talks and a five-day cooling-down period from the U.S. Overnight, Iran and Israel launched new rounds of attacks on each other, and...
Export Sales
Export Sales and Shipments for March 13-19, 2026. Wheat: Net sales of 397,200 metric tons (MT) for 2025/2026 were up noticeably from the previous week and up 46 percent from the prior 4-week average. Export shipments of 383,500 MT were unchanged from the previous week, but down 10 percent...
Summary of Futures
May 26 Corn closed at $4.67/bushel, down $0.0025 from yesterday's close. May 26 Wheat closed at $6.05/bushel, up $0.0725 from yesterday's close. May 26 Soybeans closed at $11.7375/bushel, up $0.02 from yesterday's close. May 26 Soymeal closed at $322.1/short ton, up $2.3 from...
Market Commentary: War Worries Continue to Drive the Narrative
War-related higher energies are a mixed story for ags. They could stymie economic growth and thus demand, but they open the door for better biofuel sales. Ags were mostly in the green today, betting on the biofuel market. Reports Export Sales: Last week’s new commitments by foreign...
Why Beef and Pork Prices May Fall Despite Strong Demand
Beef prices dropped sharply this week, with the Choice cutout down about $11/cwt in the past six trading days. The move unnerved live cattle futures on Wednesday (though the market recovered Thursday) and quickly led to concerns about beef demand weakening. After all, isn’t this supposed...
Livestock Roundup: Quarterly Hogs and Pigs Report
USDA released its quarterly hogs and pigs report today. The inventory of all hogs and pigs on 1 March was 74.3 million head, up slightly from March 2025 but down 1.5 percent from 1 December. The report was in line with the previous five-year average of a decrease of 1.8 percent from December to...
Summary of Futures
May 26 Corn closed at $4.6725/bushel, up $0.0475 from yesterday's close. May 26 Wheat closed at $5.9775/bushel, up $0.0775 from yesterday's close. May 26 Soybeans closed at $11.7175/bushel, up $0.1675 from yesterday's close. May 26 Soymeal closed at $319.8/short ton, down $2.6...
Market Commentary: Demand Builds, Markets Await Confirmation
Key Market Developments Macro: Playing or Trading “Truth or Dare” We’ve entered the “truth or dare” phase of this market — where conviction takes a backseat and headlines drive direction. At any given moment, the narrative shifts: progress in negotiations on...
Early 2026 Projections of Cow-Calf Finances
Cow-calf margins hit all-time record highs in 2025 as the industry benefited from the downstream impacts of record-breaking beef demand and the smallest beef cattle herd in decades. As WPI readers will know well, the resulting supply crunch boosted cattle prices across the production landscape...
Iran War Impacts; Trade Agreements
Iran War Impacts Confidence in the economy is often tied to partisan politics, with Democrats seeing green when they control the White House, and Republicans ready to invest when their party is in charge. War always creates uncertainty, but uncertainty does not determine the market. A famous gr...
FOB Prices and Freight Rates App (Updated 25 March)
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 “How To”...
Summary of Futures
May 26 Corn closed at $4.625/bushel, up $0.03 from yesterday's close. May 26 Wheat closed at $5.9/bushel, up $0.0225 from yesterday's close. May 26 Soybeans closed at $11.55/bushel, down $0.085 from yesterday's close. May 26 Soymeal closed at $322.4/short ton, down $4.2 from y...
Market Commentary: Diminishing Energy Impacts on CBOT Trade
Tuesday’s energy markets took back about half of Monday’s losses as tensions in the Arab Gulf flared again, despite recent announcements of diplomatic talks and a five-day cooling-down period from the U.S. Overnight, Iran and Israel launched new rounds of attacks on each other, and...