Recent Wheat Analysis
This is a test of the time zone system
This is some random text. Anyone watching this video will know I'm bad at typing and spelling. They'll wonder how I managed to get this far in life. Honestly, I do too. Anyway, here is more text. Text. Text. Text. Lots of Text. Fun times. Is this enough text? WHo knows...
WASDE Corn - May 2026
USDA’s initial outlook for 2026/27 corn is that the U.S. remains the largest global exporter. The season-average farm price is projected to increase to $4.40 per bushel, up 25 cents. World corn imports are forecast to rise 1 percent...
WASDE Wheat - May 2026
USDA’s initial outlook for 2026/27 U.S. wheat is for a significant reduction in Hard Red Winter wheat: The expectation is for an 18 percent decline in ending stocks and a $1.50-bushel increase in the seasonal average farm price to $6.50 per bushel. Total global wheat production is e...
Market Commentary: War, Weather, and Waiting
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
Black Sea Regional Analysis
Russian Grain Markets: 4 - 8 May 2026 During the week under review, the Russian grain market began showing more bullish sentiment despite the traditionally slow pace of business during the May holiday period. Russia celebrates several holidays during early May, with Victory Day on 9 May being t...
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. Jul 26 Soybeans closed at $12.29/bushel, up $0.0225 from yesterday's close. Jul 26 Soymeal closed at $338.5/short ton, up $10.1 fr...
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 Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
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, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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 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...
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 target remains ambitious given current production and consumption dynamics. Egypt consumes approximately 21 MMT of wheat annually, with rough...
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 26 Soybeans closed at $12.2675/bushel, up $0.1375 from yesterday's close. Jul 26 Soymeal closed at $328.4/short ton, up $3.6 from yes...
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 limits on the country’s nuclear program. The ceasefire looks increasingly fragile, with energy markets unlikely to return to normal soon...
This is a test of the time zone system
This is some random text. Anyone watching this video will know I'm bad at typing and spelling. They'll wonder how I managed to get this far in life. Honestly, I do too. Anyway, here is more text. Text. Text. Text. Lots of Text. Fun times. Is this enough text? WHo knows...
WASDE Corn - May 2026
USDA’s initial outlook for 2026/27 corn is that the U.S. remains the largest global exporter. The season-average farm price is projected to increase to $4.40 per bushel, up 25 cents. World corn imports are forecast to rise 1 percent...
WASDE Wheat - May 2026
USDA’s initial outlook for 2026/27 U.S. wheat is for a significant reduction in Hard Red Winter wheat: The expectation is for an 18 percent decline in ending stocks and a $1.50-bushel increase in the seasonal average farm price to $6.50 per bushel. Total global wheat production is e...
Market Commentary: War, Weather, and Waiting
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
Black Sea Regional Analysis
Russian Grain Markets: 4 - 8 May 2026 During the week under review, the Russian grain market began showing more bullish sentiment despite the traditionally slow pace of business during the May holiday period. Russia celebrates several holidays during early May, with Victory Day on 9 May being t...
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. Jul 26 Soybeans closed at $12.29/bushel, up $0.0225 from yesterday's close. Jul 26 Soymeal closed at $338.5/short ton, up $10.1 fr...
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 Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
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, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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 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...
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 target remains ambitious given current production and consumption dynamics. Egypt consumes approximately 21 MMT of wheat annually, with rough...
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 26 Soybeans closed at $12.2675/bushel, up $0.1375 from yesterday's close. Jul 26 Soymeal closed at $328.4/short ton, up $3.6 from yes...
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 limits on the country’s nuclear program. The ceasefire looks increasingly fragile, with energy markets unlikely to return to normal soon...