Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 percent at the beginning of the year to 13 percent by year-end. It then...

Heading into the USDA’s annual Ag Outlook Forum (AOF) next week, there is heightened speculation and anticipation about what the 2026/27 crop outlook...

U.S. grain transportation markets are slowly recovering from the shocks of bitter cold weather and low water levels on the Mississippi River System and fro...

Key Market Developments Markets head into Friday’s CPI report expecting a 0.3 percent month-over-month increase in both headline and core inflation,...

Sovereignty and Competitiveness So-called food sovereignty has animated European politics for decades. Now there is AI sovereignty because English is annoy...

The recent February World Agricultural Supply and Demand Estimates (WASDE) report forecast beef production to increase in 2026 due to greater slaughter of...

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.&nbs...

Export Sales and Shipments for January 30-February 5, 2026. Wheat: Net sales of 488,000 metric tons (MT) for 2025/2026 were up 31 percent from the previous...

We now have nearly a year of data to work with on the impact of the Trump Administration’s tariffs.  When they were first announced, there was q...

U.S. grain transportation markets are slowly recovering from the shocks of bitter cold weather and low water levels on the Mississippi River System and fro...

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...

Beef packer margins weakened further last week, with estimated net losses widening to -$247/head, extending the deterioration seen through late January. Bo...

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.&nbs...

Russian Grain Markets: 2–6 February 2026 The primary development during the first week of February was the allocation of grain export quotas for the...

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...

The headline numbers from the February WASDE – the South American production estimates – were mostly in line with expectations, which is to say...

On the morning of 9 February, WPI identified unauthorized activity on our website server. Upon discovery, we immediately secured the website and server, to...

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 announ...

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 unchange...

Soybeans Dim Sums report that Chinese propaganda’s focus on soybean self-sufficiency has faded as Brazil has become the top foreign supplier. In shor...

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, reflec...

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s snowfall and rainfall have returned to more normal levels following last ye...

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...

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.&n...

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 “...

Just as Donald Trump’s dismantling of the world order is said to have motivated Europe’s conclusion of trade agreements with Mercosur and India...

After a very quiet prior week with limited activity, market conditions became significantly more active. Futures rallied early in the week after President...

WPI recently expanded our analysis of the weekly CFTC Commitments of Traders data to include reports on the regime (trending, cyclical, or transition) of e...

It was another day of big volume in the soy complex. While soybeans closed higher for a fourth session, corn and wheat failed to follow, or perhaps their d...

The Office of Management and Budget (OMB) has signed off on a rule for the 45Z tax credit. The credit was created by the Inflation Reduction Act of 2022 du...

Mar 26 Corn closed at $4.3025/bushel, down $0.0475 from yesterday's close.  Mar 26 Wheat closed at $5.2975/bushel, down $0.055 from yesterday's close...

Soybean futures and the broader soy complex saw heightened volatility this week on a combination of domestic and international demand drivers. Following th...

U.S. grain transportation markets remain skewed by the impacts of cold weather and low water levels on the Mississippi River System, which have pushed spot...

Washington, DC—World Perspectives, Inc. (WPI) is a leading agricultural market analysis and consulting firm making a leadership transition marking an...

There was high-volume trading in soybeans again today after hitting record levels yesterday. The enthusiasm carried over to corn and soymeal as well, and t...

Mar 26 Corn closed at $4.35/bushel, up $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3525/bushel, up $0.085 from yesterday's close. ...

Markets still do not know how to react to President Trump’s announcement that he has completed a trade deal with India. U.S. Trade Representative Jam...

The U.S. dairy herd in 2025 expanded at the fastest pace since the 1950s and reached a level that has not occurred since the early 1990s. Based on the USDA...

Export Sales and Shipments for January 23-29, 2026 Wheat: Net sales of 373,900 metric tons (MT) for 2025/2026 were down 33 percent from the previous week,...

Beef packer margins weakened further, with estimated net losses widening to -$233/head. While boxed beef values continued to firm, gains were outpaced by h...

U.S. grain transportation markets remain skewed by the impacts of cold weather and low water levels on the Mississippi River System, which have pushed spot...

Russian Grain Markets: 26–30 January 2026 The Russian grains market remains volatile, with bearish sentiment prevailing on the RUB export trade platf...

There are days in the commodity markets when it feels like nothing is happening in any market, and then there are days when it feels like everything is hap...

Milling Wheat  Large supplies and strong exports of wheat from the Black Sea and Russia continue to cap upside potential for wheat. U.S. and EU market...

Leaders of the U.S. House and Senate Agriculture Committees received a letter (See Attached) yesterday from more than two dozen “former” privat...

Mar 26 Corn closed at $4.295/bushel, up $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.2675/bushel, down $0.02 from yesterday's close. ...

Soyoil was the upside leader in the CBOT’s Tuesday trade after the USDA’s December soyoil stocks figure came in well below expectations. Additi...

No. 1 Central Document China has released its No. 1 document for 2026, which calls for strengthening the country’s agriculture sector and rural linka...

Appropriations. Last Friday, the Senate passed an amended appropriations bill for the remaining FY26 funding shortfall. The measure included a two-week con...

Mar 26 Corn closed at $4.285/bushel, up $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, up $0.01 from yesterday's close. ...

Mediterranean/Middle East/North Africa/Africa – MEA Region Israel will raise import tariffs on wheat from Russia and Ukraine under a new tariff agree...

The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of Febr...

India’s Catbird Seat China is a state-run economy with formidable output, utilizing abundant, lower-cost labor. India is a democracy with a massive l...

Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close...

Wholesale meat prices fell across the board in December, seasonally adjusted, according to Producer Price Index (PPI) data released Friday by the Bureau of...

South America Weather Overview Argentina received some rainfall this week, but precipitation was concentrated in the northeast and western regions, with ac...

Friday’s CFTC report showed funds building their net long position across the major ag futures contracts for the second straight week. Funds added 10...

Mar 26 Corn closed at $4.2825/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.&nb...

Although the week was mixed, there was a convincing move lower on Friday. The mood spelled exit as all the major agricultural contracts closed lower. Even...

USDA’s semi-annual cattle report was issued today. The inventory of all cattle and calves in the U.S. as of 1 January was 86,155,300 head, slightly b...

Egg prices have been through a volatile 18 months, rallying sharply in LH 2024 and into early 2025 as bird flu decimated the U.S. layer flock. In early 202...

Export Sales and Shipments for January 16-22, 2026  Wheat: Net sales of 558,200 metric tons (MT) for 2025/2026 were down 10 percent from the previous...

Markets traded higher overnight and opened that way this morning, but the soy complex quickly gave way. Weather threatens shipments down the Mississippi, y...

Mar 26 Corn closed at $4.3075/bushel, up $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.415/bushel, up $0.055 from yesterday's close. ...

Grain transportation was thrown into confusion this week as ice and low water levels on the Mississippi River System snarled barge traffic and caused a sur...

USDA’s semi-annual cattle report will be issued on Friday. The outlook calls for the cattle herd to be 86.4 million head, down from 86.7 million head...

Grain transportation was thrown into confusion this week as ice and low water levels on the Mississippi River System snarled barge traffic and caused a sur...

Russian Grain Markets: 19–23 January 2026 The Russian grains market is volatile, showing bearish sentiments on the RUB export trade platform despite...

Grains rallied across the board overnight and through Wednesday’s day session as a plunging U.S. dollar made U.S. exports more competitive. The move...

Mar 26 Corn closed at $4.3/bushel, up $0.035 from yesterday's close.  Mar 26 Wheat closed at $5.36/bushel, up $0.1275 from yesterday's close.  Ma...

Thailand’s market is now officially reopened to soybean and soymeal imports as the government has resolved a lapse in tariff policy that caused impor...

Markets Not Government A common refrain from U.S. agriculture groups is that they prefer to get their income from the market than the government. Most of t...