Russian Grain Markets: 4 - 8 May 2026 During the week under review, the Russian grain market began showing more bullish sentiment despite the traditionally...
Articles
Summary of Futures
Jul 26 Corn closed at $4.8075/bushel, up $0.0075 from yesterday's close. Jul 26 Wheat closed at $6.755/bushel, down $0.035 from yesterday's close.&nb...
FOB Prices and Freight Rates App (Updated 13 May)
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below...
Market Commentary: USDA Slashes Wheat Outlook, Soy Balance Sheet Heavily Yield-Dependent
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri...
Xi-Trump Summit Bottom Line
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control...
AP Quant: WASDE Wheat
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 comp...
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 comp...
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 comp...
Middle East, Mediterranean, and Africa Regional Analysis
Regional News Egypt reiterated plans to achieve self-sufficiency in wheat supplies for the country’s subsidized bread program by 2028, although the t...
Summary of Futures
Jul 26 Corn closed at $4.8/bushel, up $0.0475 from yesterday's close. Jul 26 Wheat closed at $6.79/bushel, up $0.45 from yesterday's close. Jul...
U.S. to Temporarily Suspend TRQs on Over-Quota Tariffs on Beef
The Trump Administration is planning a suspension of tariff rate quotas (TRQs) on beef from all exporters for 200 days as a means to address high beef pric...
Livestock Industry Margins
Beef packer margins deteriorated to -$208/head last week, down $24 from the prior week as higher fed cattle prices continued to outpace wholesale beef valu...
Market Commentary: Risks Abound During Headline Week
What You Need to Know Today: Energy markets are sharply higher after President Trump rejected a weekend Iranian counter proposal that did not include limi...
Policy Potpourri
Tax Policy Teed Up The debate over taxes on billionaires is heating up a larger fight over tax policy for the next U.S. Congress. This is good news because...
DOJ USDA Give Update on Antitrust Investigation into Beef Packing
At a joint press conference last week between the Department of Justice and USDA, Acting Attorney General Todd Blanche stated that he and Rollins were pres...
WPI Crop Progress and Conditions App (Updated 11 May)
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly re...
Mercosur Regional Analysis
CORN Argentina’s corn harvest remains practically paralyzed, with weekly progress of less than 2 percent, in sharp contrast to soybeans, which advanc...
Summary of Futures
Jul 26 Corn closed at $4.7525/bushel, up $0.04 from yesterday's close. Jul 26 Wheat closed at $6.34/bushel, up $0.15 from yesterday's close. Ju...
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...
Market Commentary: Equities Easily Outperform Ags
What You Need to Know Today Ag markets have placed bets on new soybean demand from China after next week’s Xi-Trump meeting. While the media predict...
Summary of Futures
Jul 26 Corn closed at $4.7125/bushel, up $0.0375 from yesterday's close. Jul 26 Wheat closed at $6.19/bushel, up $0.0675 from yesterday's close. ...
Solid Jobs Report, but the Devil is in the Details
Nonfarm payrolls rose 115,000 in April, beating the consensus expectation for a gain of 65,000. Payroll gains for February and March were revised down by a...
Al Gore and the Unidentified Opportunity Costs
Twenty years ago, An Inconvenient Truth helped bring climate risk into the public foreground. Al Gore’s film and book contributed to a transformation...
Market Commentary: Prices Slide on a Hiatus in the Market
What You Need to Know Today Agricultural futures spent a third straight session mostly lower after partially recovering from morning lows. The war in...