Market Commentary: Mixed But Steady with an Outside Surprise
The U.S. created more new jobs in January than expected, especially in healthcare. And there was more ethanol produced last week than the market expected. Soyoil hit a new contract high, but South American production continues to look quite substantial. The mixed news produced mixed results, bu...
Livestock Industry Margins
Beef packer margins weakened further last week, with estimated net losses widening to -$247/head, extending the deterioration seen through late January. Boxed beef values were firmer last week, but gains failed to offset increases in fed cattle prices, resulting in additional margin compression...
Summary of Futures
Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close. Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close. Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close. Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...
WASDE Wheat - Feb 2026
USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price remains at $4.90 per bushel. The global outlook fo...
Market Commentary: WASDE Confirms Big Supply, Big Demand; Soybeans Gain on Brazil Quality
The headline numbers from the February WASDE – the South American production estimates – were mostly in line with expectations, which is to say the massive Brazilian soybean crop was found to be even more so. USDA increased its assessment of the Brazilian crop to a new record, which...
WPI Website Security Update - 10 February
On the morning of 9 February, WPI identified unauthorized activity on our website server. Upon discovery, we immediately secured the website and server, took the necessary and advisable steps to examine the environment for comprimises, and deployed the website to a new, secure server. Our...
New World Screwworm Facility in the U.S.
In June 2025, Secretary Rollins announced a five-pronged plan to enhance USDA’s ability to detect, control, and eliminate NWS. As part of that announcement, she also shared plans to build a sterile NWS fly dispersal facility in South Texas. That announcement was made on 30 January, when U...
WASDE Soybeans - Feb 2026
USDA’s outlook for 2025/26 U.S. soybean supply and use projections are unchanged. As a result, the season-average soybean price is projected unchanged at $10.20 per bushel. Soybean meal and oil prices are unchanged at $295 per short ton and 53 cents per pound. Global 2025/26 soybean endin...
WASDE Corn - Feb 2026
USDA’s outlook for 2025/26 U.S. corn is for greater exports and lower ending stocks. Exports are increased 100 million bushels to 3.3 billion, reflecting sales and shipments to date. With no supply changes and use increasing, corn ending stocks are down 100 million bushels to 2.1 billion...
Market Commentary: CBOT Turns Lower on Weather, Pre-WASDE Consolidation
Except for the red-hot soyoil market, the CBOT was mostly lower on Monday, with favorable South American weather and pre-WASDE position adjustment driving the day’s mentality. Corn, wheat, and soybeans all settled slightly lower Monday in either consolidative trade or a continuation of ch...
Summary of Futures
Mar 26 Corn closed at $4.2875/bushel, down $0.015 from yesterday's close. Mar 26 Wheat closed at $5.2875/bushel, down $0.01 from yesterday's close. Mar 26 Soybeans closed at $11.1075/bushel, down $0.045 from yesterday's close. Mar 26 Soymeal closed at $297.8/short ton, down $5...
Argentina Beef Imports Outlook for 2026
At the 2026 Cattle Industry Convention, Secretary of Health and Human Services Robert F. Kennedy, Jr., urged producers to expand the beef herd in a “fireside chat” with National Cattlemen’s Beef Association (NCBA) President Buck Wehrbein. Kennedy, however, acknowledged that he...
Market Commentary: Mixed But Steady with an Outside Surprise
The U.S. created more new jobs in January than expected, especially in healthcare. And there was more ethanol produced last week than the market expected. Soyoil hit a new contract high, but South American production continues to look quite substantial. The mixed news produced mixed results, bu...
Livestock Industry Margins
Beef packer margins weakened further last week, with estimated net losses widening to -$247/head, extending the deterioration seen through late January. Boxed beef values were firmer last week, but gains failed to offset increases in fed cattle prices, resulting in additional margin compression...
Summary of Futures
Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close. Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close. Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close. Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...
WASDE Wheat - Feb 2026
USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price remains at $4.90 per bushel. The global outlook fo...
Market Commentary: WASDE Confirms Big Supply, Big Demand; Soybeans Gain on Brazil Quality
The headline numbers from the February WASDE – the South American production estimates – were mostly in line with expectations, which is to say the massive Brazilian soybean crop was found to be even more so. USDA increased its assessment of the Brazilian crop to a new record, which...
WPI Website Security Update - 10 February
On the morning of 9 February, WPI identified unauthorized activity on our website server. Upon discovery, we immediately secured the website and server, took the necessary and advisable steps to examine the environment for comprimises, and deployed the website to a new, secure server. Our...
New World Screwworm Facility in the U.S.
In June 2025, Secretary Rollins announced a five-pronged plan to enhance USDA’s ability to detect, control, and eliminate NWS. As part of that announcement, she also shared plans to build a sterile NWS fly dispersal facility in South Texas. That announcement was made on 30 January, when U...
WASDE Soybeans - Feb 2026
USDA’s outlook for 2025/26 U.S. soybean supply and use projections are unchanged. As a result, the season-average soybean price is projected unchanged at $10.20 per bushel. Soybean meal and oil prices are unchanged at $295 per short ton and 53 cents per pound. Global 2025/26 soybean endin...
WASDE Corn - Feb 2026
USDA’s outlook for 2025/26 U.S. corn is for greater exports and lower ending stocks. Exports are increased 100 million bushels to 3.3 billion, reflecting sales and shipments to date. With no supply changes and use increasing, corn ending stocks are down 100 million bushels to 2.1 billion...
Market Commentary: CBOT Turns Lower on Weather, Pre-WASDE Consolidation
Except for the red-hot soyoil market, the CBOT was mostly lower on Monday, with favorable South American weather and pre-WASDE position adjustment driving the day’s mentality. Corn, wheat, and soybeans all settled slightly lower Monday in either consolidative trade or a continuation of ch...
Summary of Futures
Mar 26 Corn closed at $4.2875/bushel, down $0.015 from yesterday's close. Mar 26 Wheat closed at $5.2875/bushel, down $0.01 from yesterday's close. Mar 26 Soybeans closed at $11.1075/bushel, down $0.045 from yesterday's close. Mar 26 Soymeal closed at $297.8/short ton, down $5...
Argentina Beef Imports Outlook for 2026
At the 2026 Cattle Industry Convention, Secretary of Health and Human Services Robert F. Kennedy, Jr., urged producers to expand the beef herd in a “fireside chat” with National Cattlemen’s Beef Association (NCBA) President Buck Wehrbein. Kennedy, however, acknowledged that he...