Recent Soy & Oilseeds Analysis
Summary of Futures
Dec 26 Corn closed at $4.415/bushel, up $0.015 from yesterday's close. Dec 26 Wheat closed at $5.9125/bushel, down $0.08 from yesterday's close. Jan 27 Soybeans closed at $11.9375/bushel, up $0.055 from yesterday's close. Dec 26 Soymeal closed at $319.2/short ton, up $2 from y...
Market Commentary: Grain Markets Look to WASDE for Direction
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Global Soybean Crush Margin Forecasts
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
European Market Analysis
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the U.S...
CFTC COT Report Analysis
Managed money sold a net 235,000 agricultural futures contracts during the week, cutting the aggregate net long 52.8 percent to 210,000 contracts. Funds have reduced their aggregate agricultural net long by 423,000 contracts over the past two weeks, with this week’s selling exceeding the...
Summary of Futures
Dec 26 Corn closed at $4.4/bushel, down $0.0425 from yesterday's close. Dec 26 Wheat closed at $5.9925/bushel, up $0.0075 from yesterday's close. Jan 27 Soybeans closed at $11.8825/bushel, down $0.14 from yesterday's close. Dec 26 Soymeal closed at $317.2/short ton, down $1.4...
Market Commentary: Equity Market Selloff Weighs on Agricultural Commodities
What You Need to Know Today: U.S. equities declined sharply Thursday, reversing Wednesday’s post-election rally as investors continued selling technology stocks amid concerns that Democratic gains in the midterm elections could slow investment in artificial intelligence and data center d...
Milk Pricing with The Calf in the Ledger
What dairy breakeven looks like with and without the beef-on-dairy boom To put a dollar value on that question, this analysis removes the calf check from the USDA ledger and examines how many of the last five years would have reached breakeven without it. Key Takeaways: Milk and other income a...
Summary of Futures
Dec 26 Corn closed at $4.4425/bushel, up $0.0175 from yesterday's close. Dec 26 Wheat closed at $5.985/bushel, down $0.0125 from yesterday's close. Jan 27 Soybeans closed at $12.0225/bushel, down $0.1175 from yesterday's close. Dec 26 Soymeal closed at $318.6/short ton, up $0...
Market Commentary: The Votes Are In. The Market’s Still Deciding.
The US election is over, but the market’s debate is just beginning. A shift in Washington’s balance of power is changing policy expectations, while developments involving Iran and an early decline in the dollar are adding to the uncertainty. Now traders must decide how much of that...
Blue Wave Crashes on Ag Policy
Key Takeaways: The 2026 U.S. Midterm elections surprised many pundits and have created significant changes in how agriculture and major agricultural production states will be represented in Congress. Details on how candidates expect to address agricultural issues are still limited, and no offi...
Japan’s Agricultural Import Dependence Supports Consistent Demand
Key Takeaways: Japan’s mountainous geography and limited farmland constrain domestic agricultural production, while its highly developed economy and substantial purchasing power make it one of the world’s most important agricultural import markets. Japan’s calorie-based food...
Summary of Futures
Dec 26 Corn closed at $4.415/bushel, up $0.015 from yesterday's close. Dec 26 Wheat closed at $5.9125/bushel, down $0.08 from yesterday's close. Jan 27 Soybeans closed at $11.9375/bushel, up $0.055 from yesterday's close. Dec 26 Soymeal closed at $319.2/short ton, up $2 from y...
Market Commentary: Grain Markets Look to WASDE for Direction
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Global Soybean Crush Margin Forecasts
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
European Market Analysis
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the U.S...
CFTC COT Report Analysis
Managed money sold a net 235,000 agricultural futures contracts during the week, cutting the aggregate net long 52.8 percent to 210,000 contracts. Funds have reduced their aggregate agricultural net long by 423,000 contracts over the past two weeks, with this week’s selling exceeding the...
Summary of Futures
Dec 26 Corn closed at $4.4/bushel, down $0.0425 from yesterday's close. Dec 26 Wheat closed at $5.9925/bushel, up $0.0075 from yesterday's close. Jan 27 Soybeans closed at $11.8825/bushel, down $0.14 from yesterday's close. Dec 26 Soymeal closed at $317.2/short ton, down $1.4...
Market Commentary: Equity Market Selloff Weighs on Agricultural Commodities
What You Need to Know Today: U.S. equities declined sharply Thursday, reversing Wednesday’s post-election rally as investors continued selling technology stocks amid concerns that Democratic gains in the midterm elections could slow investment in artificial intelligence and data center d...
Milk Pricing with The Calf in the Ledger
What dairy breakeven looks like with and without the beef-on-dairy boom To put a dollar value on that question, this analysis removes the calf check from the USDA ledger and examines how many of the last five years would have reached breakeven without it. Key Takeaways: Milk and other income a...
Summary of Futures
Dec 26 Corn closed at $4.4425/bushel, up $0.0175 from yesterday's close. Dec 26 Wheat closed at $5.985/bushel, down $0.0125 from yesterday's close. Jan 27 Soybeans closed at $12.0225/bushel, down $0.1175 from yesterday's close. Dec 26 Soymeal closed at $318.6/short ton, up $0...
Market Commentary: The Votes Are In. The Market’s Still Deciding.
The US election is over, but the market’s debate is just beginning. A shift in Washington’s balance of power is changing policy expectations, while developments involving Iran and an early decline in the dollar are adding to the uncertainty. Now traders must decide how much of that...
Blue Wave Crashes on Ag Policy
Key Takeaways: The 2026 U.S. Midterm elections surprised many pundits and have created significant changes in how agriculture and major agricultural production states will be represented in Congress. Details on how candidates expect to address agricultural issues are still limited, and no offi...
Japan’s Agricultural Import Dependence Supports Consistent Demand
Key Takeaways: Japan’s mountainous geography and limited farmland constrain domestic agricultural production, while its highly developed economy and substantial purchasing power make it one of the world’s most important agricultural import markets. Japan’s calorie-based food...