World Perspectives

Recent Market Analysis

Feed Grains

Feed Grains

feed-grains soy-oilseeds wheat

Market Commentary: Risk-off tone hits grains and livestock

What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Risk-off tone hits grains and livestock

What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

Soy & Oilseeds

Soy & Oilseeds

feed-grains soy-oilseeds wheat

Market Commentary: Risk-off tone hits grains and livestock

What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Risk-off tone hits grains and livestock

What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

soy-oilseeds

U.S. and Global Soy Crush Forecasts

WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...

Wheat

Wheat

feed-grains soy-oilseeds wheat

Market Commentary: Risk-off tone hits grains and livestock

What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

feed-grains soy-oilseeds wheat

Market Commentary: Risk-off tone hits grains and livestock

What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close.  Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close.  Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...

Livestock

Livestock

feed-grains soy-oilseeds wheat

Market Commentary: Risk-off tone hits grains and livestock

What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Risk-off tone hits grains and livestock

What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

Biofuels

Biofuels

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

feed-grains biofuel energy

Brazil’s Emerging Corn Ethanol Industry Driven by Market Forces and Biofuel Policy

Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

feed-grains biofuel energy

Brazil’s Emerging Corn Ethanol Industry Driven by Market Forces and Biofuel Policy

Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts for the second straight week. Funds reduced the all-ags net long by 4,300 contracts (0.4 percent), pulling back from the largest net long since at least 2016 forged just two weeks p...

Farm Inputs

Farm Inputs

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

farm-inputs energy

Conflict in the Gulf: Impacts on Shipping and Energy

For weeks now, global energy and geopolitical markets have been speculating about a possible conflict in the Middle East between Iran and the U.S., but they still seemed unprepared and entirely surprised by what happened this weekend. Without going into the details that news outlets have alrea...

farm-inputs

Phosphate and Potash Added to Critical Minerals List

The Department of the Interior has added phosphate and potash, two key fertilizer ingredients, to the official Critical Minerals List. They are part of 60 minerals deemed vital to the U.S. economy and national security, with 10 of those being newly listed, that face potential risks from disrupt...

feed-grains soy-oilseeds livestock

Commodity Policy Being Shaped by Unfolding Farm Crisis

With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress.  During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...

farm-inputs energy

Conflict in the Gulf: Impacts on Shipping and Energy

For weeks now, global energy and geopolitical markets have been speculating about a possible conflict in the Middle East between Iran and the U.S., but they still seemed unprepared and entirely surprised by what happened this weekend. Without going into the details that news outlets have alrea...

farm-inputs

Phosphate and Potash Added to Critical Minerals List

The Department of the Interior has added phosphate and potash, two key fertilizer ingredients, to the official Critical Minerals List. They are part of 60 minerals deemed vital to the U.S. economy and national security, with 10 of those being newly listed, that face potential risks from disrupt...

farm-inputs

Oil Cost and Input Forecast

According to the latest Short Term Energy Outlook (STEO), U.S. petroleum production is forecast to hit 13.41 million barrels per day (bpd) in 2025 due primarily to improved well productivity.  Increased supply will lower prices in 2026 and result in a fall in output to 13.28 million bpd in...

Equities

Equities

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close.  Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close.  Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close.  Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close.  Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.525/bushel, down $0.05 from yesterday's close.  Jul 26 Wheat closed at $6.225/bushel, down $0.13 from yesterday's close.  Jul 26 Soybeans closed at $11.8525/bushel, down $0.0075 from yesterday's close.  Jul 26 Soymeal closed at $330.6/short ton, up $2 fro...

Energy

Energy

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close.  Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close.  Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.4675/bushel, down $0.09 from yesterday's close.  Jul 26 Wheat closed at $6.105/bushel, down $0.135 from yesterday's close.  Jul 26 Soybeans closed at $11.8675/bushel, down $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $329.8/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close.  Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close.  Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...

feed-grains soy-oilseeds wheat

Market Commentary: Trading Headlines, Pricing Risk

Key Market Insights Today was another reminder that this market is trading headlines first, facts second. Early optimism surrounding reports of a possible U.S.-Iran memorandum of understanding helped pressure energy risk premium and kept the broader commodity space defensive. An hour later, how...

Softs

Softs

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts for the second straight week. Funds reduced the all-ags net long by 4,300 contracts (0.4 percent), pulling back from the largest net long since at least 2016 forged just two weeks p...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts, reversing a three-week buying trend. Funds reduced the net long on all-ags by 92,000 contracts (8.4 percent), pulling back from the largest net long since at least 2016.  The...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds adding to net long positions across the major ag futures contracts for the third straight week as weather concerns sustained risk-on buying. Funds added 97,000 contracts (9.8 percent) to their all-ags net long position last week, essentially reversing the...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts for the second straight week. Funds reduced the all-ags net long by 4,300 contracts (0.4 percent), pulling back from the largest net long since at least 2016 forged just two weeks p...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts, reversing a three-week buying trend. Funds reduced the net long on all-ags by 92,000 contracts (8.4 percent), pulling back from the largest net long since at least 2016.  The...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds adding to net long positions across the major ag futures contracts for the third straight week as weather concerns sustained risk-on buying. Funds added 97,000 contracts (9.8 percent) to their all-ags net long position last week, essentially reversing the...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds adding to net long position across the major ag futures contracts after a two week break as deteriorating negotiations in the Middle East and the emergence of weather concerns triggered risk-on buying. Funds bought 40,000 contracts (4.7 percent) to their...

Macroeconomics

Food Inflation; Last Laugh; MAHA Progress; Offense is Defense

Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...

Foodflation Coming Home

Since the closure of the Strait of Hormuz in February 2026, energy markets have experienced significant disruptions. Crude oil, diesel fuel, and other petroleum products rose sharply as traders responded to uncertainty in one of the world's most important shipping corridors. The question for fo...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

Food Inflation; Last Laugh; MAHA Progress; Offense is Defense

Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...

Foodflation Coming Home

Since the closure of the Strait of Hormuz in February 2026, energy markets have experienced significant disruptions. Crude oil, diesel fuel, and other petroleum products rose sharply as traders responded to uncertainty in one of the world's most important shipping corridors. The question for fo...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and oilseeds see strength on high PCE reading, Crude oil and macros remain topsy-turvy with U.S.-Iran headline risk

What You Need to Know Today:  The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...

Responsible Use of AI; Ukraine and CAP Money

Responsible Use of AI WPI does not have an encyclical on AI but since it employs real human analysts there is a view towards the technology. In short, it is a tool that should be used responsibly. AI analysis is not bad unless it is the default. It has advanced to the point that it is no longer...

Pulses

MAHA: More Pulses? Does it Matter?

The Make America Healthy Again (MAHA) movement, spearheaded by the Secretary of Health and Human Services Department includes a lot of transformational goals, and some goals that are objectively silly. For example, Coca-Cola is transitioning back to sugar for some of its soft drinks, an announc...

Year of the Pulse

The International Grains Council (IGC) announced that it will include pulses in its definition of grains and expand market information on these products. Trade in pulses has been increasing as they grow in stature as a staple food and plant-based protein. The pod-based seeds of the legume famil...

livestock

An IPO-Level Look at the Veggie Burger Sector

Beyond Meat, the maker of a vegetable protein meat alternative product, is preparing for an IPO. It will be offering 8.75 million shares at $19-21, which would raise $175 million at the mid-point price. The company’s cornerstone product is the Beyond Burger, which is now available at a nu...

MAHA: More Pulses? Does it Matter?

The Make America Healthy Again (MAHA) movement, spearheaded by the Secretary of Health and Human Services Department includes a lot of transformational goals, and some goals that are objectively silly. For example, Coca-Cola is transitioning back to sugar for some of its soft drinks, an announc...

Year of the Pulse

The International Grains Council (IGC) announced that it will include pulses in its definition of grains and expand market information on these products. Trade in pulses has been increasing as they grow in stature as a staple food and plant-based protein. The pod-based seeds of the legume famil...

livestock

An IPO-Level Look at the Veggie Burger Sector

Beyond Meat, the maker of a vegetable protein meat alternative product, is preparing for an IPO. It will be offering 8.75 million shares at $19-21, which would raise $175 million at the mid-point price. The company’s cornerstone product is the Beyond Burger, which is now available at a nu...

feed-grains soy-oilseeds wheat

Indian Subcontinent Regional Analysis

Higher Early Sugar Production and Slow Exports Could Pressure Prices Due to the early start of the 2018/19 sugarcane crushing season, Indian sugar mills were able to produce 21.93 MMT of sugar as of 15 February 2019 versus 20.36 MMT at the same point a year ago, an increase of 7.71 percent. Ano...

Freight

FOB Prices and Freight Rates App (Updated 29 May)

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 “...

Transportation Perspectives - 28 May

Dry bulk markets are steady/firmer this week with Capes leading the rally and, on the other end of the vessel size spectrum, strong grain demand supporting Handysize vessels too.  Capesize rates soared again this week on strong Australian miner buying that stemmed from accelerated Chinese...

Transportation Perspectives - 21 May

Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes.  The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...

FOB Prices and Freight Rates App (Updated 29 May)

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 “...

Transportation Perspectives - 28 May

Dry bulk markets are steady/firmer this week with Capes leading the rally and, on the other end of the vessel size spectrum, strong grain demand supporting Handysize vessels too.  Capesize rates soared again this week on strong Australian miner buying that stemmed from accelerated Chinese...

Transportation Perspectives - 21 May

Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes.  The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...

Transportation Perspectives - May 14

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 subscribe online after this date to...

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