World Perspectives

Recent South America Analysis

FOB Prices and Freight Rates App (Updated 28 May)

WPI Grain Prices and Freight Rate App  **** Note: After our recent website update, we're having difficulty correctly linking the app to this page. Until we get this fixed, please visit the app directly via the link below. ***  https://worldperspectives.shinyapps.io/Combined_FOB_Price_...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Sinks on U.S. and Black Sea Rains; Hogs Rally on Pork Demand

Beneficial rains across the U.S. Southern Plains and part of the Black Sea over the weekend put wheat futures in Europe and the U.S. on the defensive to start the week. That acted like a weight on the broader grain markets and helped pull futures lower to start the holiday-shortened week. All t...

WPI Transportation Report

Dry-Bulk Ocean Freight Dry bulk markets remain essentially flat with cargo demand remaining “elusive”. Increased demand from China remains the key for markets going forward, but the Middle Kingdom has not seen any surge in bookings yet.  The Baltic Dry indices were mixed this w...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Worries Drive Rallies

The CBOT was higher again on Wednesday with cool, wet weather for the U.S. Midwest causing planting delay concerns while hot, dry weather in the Black Sea motivated additional gains in global wheat markets. Of the weather concerns, conditions in the Black Sea and Europe seem to be the most cons...

feed-grains soy-oilseeds wheat

Market Commentary: Short Covering, Weather, Exports, and Weak Dollar Lift CBOT

The CBOT turned higher to start the week with wheat, corn, soybeans, and soy oil, all finding their way to higher ground amid a mix of factors. The big news for the day was Moody’s weekend downgrade of the U.S. credit rating, from “triple-A” to “double-A”. That new...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn   Farmers remain focused on the soybean harvest at the expense of executing fieldwork for corn. With favorable weather over the past few days, 20 percent of the soybean area has been harvested. As a result, corn harvest progress was limited, with only a 2.4 percentage point weekl...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls as Big Crops Get Bigger

The CBOT was mostly bearish on Friday under the primary theme that big crops get bigger. That is true of Brazil’s safrinha production, the outlook for which CONAB raised yesterday, and Argentina’s soybean crop per the Rosario Grains Exchange’s latest estimates. Similarly, whea...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections from Oversold/Overbought, Big Crops, Facts and Rumors

There was again a lot to unpack in today’s trade action, and not all of it was pretty. Big Crops: There is no getting around the fact that favorable weather for the most part is leading to big crops. Conab raised its soybean estimate to 169 MMT, now just 1 MMT below USDA. The Wheat Qualit...

soy-oilseeds

Oilseed Highlights: RVO Rumors Sink Soyoil; Sesame Demand Slows

The Market  There were four big “stories” for oilseeds markets to follow this past week: the U.S.-China trade negotiations, the May WASDE report, news that the U.S. Congress may be planning to extend the 45Z tax credits, and Thursday’s rumors that the EPA may be undercutt...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

soy-oilseeds

WASDE Soybeans - May 2025

USDA’s outlook for 2025/26 U.S. soybeans is for lower ending stocks: The U.S. share of global soybean exports is forecast at 26 percent - down from 28 percent last year. Accordingly, U.S. soybean exports are forecast at 1.815 billion bushels, down 35 million from 2024/25. The 2025/26 U.S...

feed-grains

WASDE Corn - May 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies and total use: Higher ending stocks are expected to result from 15.8 billion bushels of corn production, up 6 percent from a year ago. Projected planted area of 95.3 million acres would be the highest in over a decade. The corn y...

wheat

WASDE Wheat - May 2025

USDA’s outlook for 2025/26 U.S. wheat is for supplies to be up 2 percent from 2024/25 as higher beginning stocks more than offset lower production. The average wheat yield is projected at 51.6 bushels per acre, up 0.4 bushels from last year. Exports are projected lower at 800 million bush...

soy-oilseeds

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...

feed-grains

AP Quant: WASDE Corn

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...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn   Argentina’s corn harvest continues to progress slowly, not only because the focus remains on soybeans — with more than 21 percent harvested in just one week — but also due to rains recorded in several areas. To date, 34 percent of the estimated corn area has b...

feed-grains soy-oilseeds wheat

Market Commentary: Good Weather, Unknown Trading Relations, Positioned for Monday

It was another day of trading in the green in the overnight for grains and the soy complex only to fail following through in the day session for wheat and soymeal. All major ags opened higher but soymeal quickly reversed, and all three wheats headed south about an hour into the session. Monday&...

soy-oilseeds

Oilseed Highlights: Markets Turn Lower on Growing Supply Expectations

The Market  Soybean futures have mostly traded sideways over the past two weeks with trade policy uncertainty, favorable weather for the U.S. and South America, and as-expected export volumes minimizing the need for a major move. Soyoil has pulled back sharply amid weakness in crude oil an...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Firms on Surprise Export Demand; Soy Complex Drifts Lower

The CBOT was mixed on Tuesday following Monday’s drubbing across the grains and oilseeds markets. Tuesday saw continued selling pressure in the soy complex as funds turn increasingly bearish amid a favorable supply outlook for 2025. The grains sector saw a bit more support with wheat risi...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Leads Grains Lower on Fund Selling; Cattle Hit New Highs Again

Except for the cattle markets, the CBOT was sharply lower to start the week with trade policy, favorable weather, and weak technicals and large noncommercial short positions weighing on market sentiment. Cattle futures managed to rise to new all-time highs after last week’s record-breakin...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  It was another very short trading week in Argentina, with Thursday and Friday being national holidays. Argentina’s corn harvest continues to progress slowly, with priority given to soybeans while farmers wait for grain moisture levels to drop in the central and southern parts o...

softs

Cocoa Market Outlook: Prices Set to Cool as Production Increases

The outlook for the last half of the 2024/25 cocoa market is dominated by generally favorable weather and upward revisions to production estimates. Demand remains a major focal point as well with the U.S. tariffs and recession risk likely to upend consumption in the world’s second biggest...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Remains Weak, Corn and Soybeans Hold Their Own

It was modest volume trading grain and oilseeds today. Again, the lack of any new fundamental news has traders keeping their powder dry. USDA’s May WASDE is likely to boost estimates for corn and soybean exports, but that is still nearly two weeks away.   Instead, today’s...

feed-grains soy-oilseeds wheat

Market Commentary: Cattle Extend Record Rally; Wheat Finds New Lows; Corn, Soyoil Collapse

The CBOT tried to rally overnight and posted some slight gains heading into the morning break, but thereafter the market quickly found selling pressure. Monday’s favorable Crop Progress and conditions report from USDA offered much of the justification for the selling pressure and helped s...

FOB Prices and Freight Rates App (Updated 28 May)

WPI Grain Prices and Freight Rate App  **** Note: After our recent website update, we're having difficulty correctly linking the app to this page. Until we get this fixed, please visit the app directly via the link below. ***  https://worldperspectives.shinyapps.io/Combined_FOB_Price_...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Sinks on U.S. and Black Sea Rains; Hogs Rally on Pork Demand

Beneficial rains across the U.S. Southern Plains and part of the Black Sea over the weekend put wheat futures in Europe and the U.S. on the defensive to start the week. That acted like a weight on the broader grain markets and helped pull futures lower to start the holiday-shortened week. All t...

WPI Transportation Report

Dry-Bulk Ocean Freight Dry bulk markets remain essentially flat with cargo demand remaining “elusive”. Increased demand from China remains the key for markets going forward, but the Middle Kingdom has not seen any surge in bookings yet.  The Baltic Dry indices were mixed this w...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Worries Drive Rallies

The CBOT was higher again on Wednesday with cool, wet weather for the U.S. Midwest causing planting delay concerns while hot, dry weather in the Black Sea motivated additional gains in global wheat markets. Of the weather concerns, conditions in the Black Sea and Europe seem to be the most cons...

feed-grains soy-oilseeds wheat

Market Commentary: Short Covering, Weather, Exports, and Weak Dollar Lift CBOT

The CBOT turned higher to start the week with wheat, corn, soybeans, and soy oil, all finding their way to higher ground amid a mix of factors. The big news for the day was Moody’s weekend downgrade of the U.S. credit rating, from “triple-A” to “double-A”. That new...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn   Farmers remain focused on the soybean harvest at the expense of executing fieldwork for corn. With favorable weather over the past few days, 20 percent of the soybean area has been harvested. As a result, corn harvest progress was limited, with only a 2.4 percentage point weekl...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls as Big Crops Get Bigger

The CBOT was mostly bearish on Friday under the primary theme that big crops get bigger. That is true of Brazil’s safrinha production, the outlook for which CONAB raised yesterday, and Argentina’s soybean crop per the Rosario Grains Exchange’s latest estimates. Similarly, whea...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections from Oversold/Overbought, Big Crops, Facts and Rumors

There was again a lot to unpack in today’s trade action, and not all of it was pretty. Big Crops: There is no getting around the fact that favorable weather for the most part is leading to big crops. Conab raised its soybean estimate to 169 MMT, now just 1 MMT below USDA. The Wheat Qualit...

soy-oilseeds

Oilseed Highlights: RVO Rumors Sink Soyoil; Sesame Demand Slows

The Market  There were four big “stories” for oilseeds markets to follow this past week: the U.S.-China trade negotiations, the May WASDE report, news that the U.S. Congress may be planning to extend the 45Z tax credits, and Thursday’s rumors that the EPA may be undercutt...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

soy-oilseeds

WASDE Soybeans - May 2025

USDA’s outlook for 2025/26 U.S. soybeans is for lower ending stocks: The U.S. share of global soybean exports is forecast at 26 percent - down from 28 percent last year. Accordingly, U.S. soybean exports are forecast at 1.815 billion bushels, down 35 million from 2024/25. The 2025/26 U.S...

feed-grains

WASDE Corn - May 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies and total use: Higher ending stocks are expected to result from 15.8 billion bushels of corn production, up 6 percent from a year ago. Projected planted area of 95.3 million acres would be the highest in over a decade. The corn y...

wheat

WASDE Wheat - May 2025

USDA’s outlook for 2025/26 U.S. wheat is for supplies to be up 2 percent from 2024/25 as higher beginning stocks more than offset lower production. The average wheat yield is projected at 51.6 bushels per acre, up 0.4 bushels from last year. Exports are projected lower at 800 million bush...

soy-oilseeds

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...

feed-grains

AP Quant: WASDE Corn

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...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn   Argentina’s corn harvest continues to progress slowly, not only because the focus remains on soybeans — with more than 21 percent harvested in just one week — but also due to rains recorded in several areas. To date, 34 percent of the estimated corn area has b...

feed-grains soy-oilseeds wheat

Market Commentary: Good Weather, Unknown Trading Relations, Positioned for Monday

It was another day of trading in the green in the overnight for grains and the soy complex only to fail following through in the day session for wheat and soymeal. All major ags opened higher but soymeal quickly reversed, and all three wheats headed south about an hour into the session. Monday&...

soy-oilseeds

Oilseed Highlights: Markets Turn Lower on Growing Supply Expectations

The Market  Soybean futures have mostly traded sideways over the past two weeks with trade policy uncertainty, favorable weather for the U.S. and South America, and as-expected export volumes minimizing the need for a major move. Soyoil has pulled back sharply amid weakness in crude oil an...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Firms on Surprise Export Demand; Soy Complex Drifts Lower

The CBOT was mixed on Tuesday following Monday’s drubbing across the grains and oilseeds markets. Tuesday saw continued selling pressure in the soy complex as funds turn increasingly bearish amid a favorable supply outlook for 2025. The grains sector saw a bit more support with wheat risi...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Leads Grains Lower on Fund Selling; Cattle Hit New Highs Again

Except for the cattle markets, the CBOT was sharply lower to start the week with trade policy, favorable weather, and weak technicals and large noncommercial short positions weighing on market sentiment. Cattle futures managed to rise to new all-time highs after last week’s record-breakin...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  It was another very short trading week in Argentina, with Thursday and Friday being national holidays. Argentina’s corn harvest continues to progress slowly, with priority given to soybeans while farmers wait for grain moisture levels to drop in the central and southern parts o...

softs

Cocoa Market Outlook: Prices Set to Cool as Production Increases

The outlook for the last half of the 2024/25 cocoa market is dominated by generally favorable weather and upward revisions to production estimates. Demand remains a major focal point as well with the U.S. tariffs and recession risk likely to upend consumption in the world’s second biggest...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Remains Weak, Corn and Soybeans Hold Their Own

It was modest volume trading grain and oilseeds today. Again, the lack of any new fundamental news has traders keeping their powder dry. USDA’s May WASDE is likely to boost estimates for corn and soybean exports, but that is still nearly two weeks away.   Instead, today’s...

feed-grains soy-oilseeds wheat

Market Commentary: Cattle Extend Record Rally; Wheat Finds New Lows; Corn, Soyoil Collapse

The CBOT tried to rally overnight and posted some slight gains heading into the morning break, but thereafter the market quickly found selling pressure. Monday’s favorable Crop Progress and conditions report from USDA offered much of the justification for the selling pressure and helped s...

Select Filters to Apply

  • Markets
  • Publications

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up