World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Geopolitics Skews the Week

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 drag pulled soybeans back to fundamental reality. There are still no new export sales.  The Chinese are smart, and if they intend to buy, they will patiently wait for all the hoopla in the market to dissipate. If China does buy 8 MMT of U.S. soybeans, it might cost them $240 million more than buying them from Brazil. But that is small beer (0.03 percent) in the total bilateral trading relationship, and a price Xi Jinping might willingly absorb to avoid larger problems. For the week, all the major agricultural contracts except wheat closed higher. There was a new contract high in lean...

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Transportation Perspectives - 13 March

The conflict in the Middle East continues to dominate developments in energy markets and crude oil or natural gas tanker vessels, but as time passes the conflict’s relatively minor impacts on the dry bulk and container sector are becoming clearer. After a short-lived jump, dry bulk freigh...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 27-March 5, 2026.  Wheat: Net sales of 455,400 metric tons (MT) for 2025/2026 were up noticeably from the previous week and up 49 percent from the prior 4-week average. Export shipments of 432,000 MT were up 24 percent from the previous week, but dow...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.625/bushel, up $0.0225 from yesterday's close.  May 26 Wheat closed at $5.985/bushel, up $0.0375 from yesterday's close.  May 26 Soybeans closed at $12.2725/bushel, up $0.1325 from yesterday's close.  May 26 Soymeal closed at $320.2/short ton, up $4.8 fro...

Transportation Perspectives - 13 March

The conflict in the Middle East continues to dominate developments in energy markets and crude oil or natural gas tanker vessels, but as time passes the conflict’s relatively minor impacts on the dry bulk and container sector are becoming clearer. After a short-lived jump, dry bulk freigh...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 27-March 5, 2026.  Wheat: Net sales of 455,400 metric tons (MT) for 2025/2026 were up noticeably from the previous week and up 49 percent from the prior 4-week average. Export shipments of 432,000 MT were up 24 percent from the previous week, but dow...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.625/bushel, up $0.0225 from yesterday's close.  May 26 Wheat closed at $5.985/bushel, up $0.0375 from yesterday's close.  May 26 Soybeans closed at $12.2725/bushel, up $0.1325 from yesterday's close.  May 26 Soymeal closed at $320.2/short ton, up $4.8 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Energy Volatility Sets the Tone for Commodities

Key Market Developments Crude oil has been the architect behind the violent price swings seen across the grain markets over the last four trading sessions. Corn, soybeans, and wheat have been trading almost as a mirror to crude oil, with speculative capital moving rapidly between markets as ene...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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