Black Sea Regional Analysis
Russian Grain Markets: 5–9 January 2026 The first week of January is typically quiet for trading and logistics as Russia observes Orthodox Christmas. Activity remained subdued, although the ongoing Russo–Ukrainian war continued to shape market sentiment. Both sides carried out airst...
FOB Prices and Freight Rates App (Updated 14 January)
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 “How To”...
WASDE Corn - Jan 2026
USDA’s Jan estimate for 2025/26 U.S. corn is for larger production and higher feed residual usage to result in greater ending stocks: Corn production is estimated at 17.0 billion bushels, up 269 million on a 0.5-bushel increase in yield to 186.5 bushels per acre and a 1.3-million acre ris...
WASDE Wheat - Jan 2026
USDA’s Jan estimate for 2025/26 U.S. wheat left exports unchanged at 900 million bushels. Projected U.S. wheat ending stocks were raised 25 million bushels to 926 million, up 8 percent from the previous year. The season-average farm price is lowered $0.10 per bushel to $4.90. The wo...
Oilseed Highlights: Oilseed Demand Slumps while Vegoils Rise
The Market With just two days left before the January WASDE, the soy complex is trading above week-ago levels, but that fact belies the weakness that has enveloped the market since late November. Skepticism over China’s long-term commitment to U.S. soybean purchases – especial...
Black Sea Regional Analysis
Russian Grains Market: 29 December 2025–02 January 2026 Russia’s grain market remained bearish during the final week of December, with most fundamentals continuing to pressure prices and preventing authorities from setting higher export duties. The country will remain heavily export...
Market Commentary: Weaker Crude Oil Sinks CBOT Despite Soybean Sales to China
The CBOT on Tuesday failed to follow Monday’s dramatic technical strength and corn, the soy complex, and wheat all settled lower for the day. A sharp pullback in crude oil prices was primarily responsible for the soy complex weakness as it eliminated a key piece of support for soyoil. In...
Market Commentary: Export Sales Fail to Excite Soybeans; Corn, Wheat Down on Technical Trade
The CBOT traded mostly lower on Tuesday with funds remaining dedicated sellers. The motivation for their selling stems partially from pre-holiday risk-off trading and partially from the technical weakness enveloping the charts. Corn was the downside leader for the second straight day, though ob...
Market Commentary: Grains Give up Gains while Cattle Turn Higher on Cash Trade
The CBOT saw its typical low-volume post-Christmas trading session on Friday, but low trading volume didn’t stop the markets from making some notable technical moves. The first of which, on a broad scale, is that early strength in corn, the soy complex, and to a lesser extent wheat, all f...
Black Sea Regional Analysis
Russian Grains Market: 15–19 December 2025 Russia’s grain markets remained stable and bearish, with weak domestic and export demand limiting price gains. Trade activity was slow, and a strong ruble prompted the government to maintain export duties. Global wheat supply remains ample,...
Black Sea Regional Analysis
Russian Grains Market: 8–12 December 2025 Russia’s grain market continued its bearish trend that began in early December. Global fundamentals remain the primary pressure point, and Russia is no exception given its strong linkage to international trade flows. Exceptions include barte...
Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers
Each year, the Chinese zodiac calendar features one animal to mark and typify the coming 365 days. If that process were applied to CBOT trade, Tuesday would have been the “day of the bear”, with all major grain markets ending in the red. The only specific trigger was the bearish NOP...
Black Sea Regional Analysis
Russian Grain Markets: 5–9 January 2026 The first week of January is typically quiet for trading and logistics as Russia observes Orthodox Christmas. Activity remained subdued, although the ongoing Russo–Ukrainian war continued to shape market sentiment. Both sides carried out airst...
FOB Prices and Freight Rates App (Updated 14 January)
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 “How To”...
WASDE Corn - Jan 2026
USDA’s Jan estimate for 2025/26 U.S. corn is for larger production and higher feed residual usage to result in greater ending stocks: Corn production is estimated at 17.0 billion bushels, up 269 million on a 0.5-bushel increase in yield to 186.5 bushels per acre and a 1.3-million acre ris...
WASDE Wheat - Jan 2026
USDA’s Jan estimate for 2025/26 U.S. wheat left exports unchanged at 900 million bushels. Projected U.S. wheat ending stocks were raised 25 million bushels to 926 million, up 8 percent from the previous year. The season-average farm price is lowered $0.10 per bushel to $4.90. The wo...
Oilseed Highlights: Oilseed Demand Slumps while Vegoils Rise
The Market With just two days left before the January WASDE, the soy complex is trading above week-ago levels, but that fact belies the weakness that has enveloped the market since late November. Skepticism over China’s long-term commitment to U.S. soybean purchases – especial...
Black Sea Regional Analysis
Russian Grains Market: 29 December 2025–02 January 2026 Russia’s grain market remained bearish during the final week of December, with most fundamentals continuing to pressure prices and preventing authorities from setting higher export duties. The country will remain heavily export...
Market Commentary: Weaker Crude Oil Sinks CBOT Despite Soybean Sales to China
The CBOT on Tuesday failed to follow Monday’s dramatic technical strength and corn, the soy complex, and wheat all settled lower for the day. A sharp pullback in crude oil prices was primarily responsible for the soy complex weakness as it eliminated a key piece of support for soyoil. In...
Market Commentary: Export Sales Fail to Excite Soybeans; Corn, Wheat Down on Technical Trade
The CBOT traded mostly lower on Tuesday with funds remaining dedicated sellers. The motivation for their selling stems partially from pre-holiday risk-off trading and partially from the technical weakness enveloping the charts. Corn was the downside leader for the second straight day, though ob...
Market Commentary: Grains Give up Gains while Cattle Turn Higher on Cash Trade
The CBOT saw its typical low-volume post-Christmas trading session on Friday, but low trading volume didn’t stop the markets from making some notable technical moves. The first of which, on a broad scale, is that early strength in corn, the soy complex, and to a lesser extent wheat, all f...
Black Sea Regional Analysis
Russian Grains Market: 15–19 December 2025 Russia’s grain markets remained stable and bearish, with weak domestic and export demand limiting price gains. Trade activity was slow, and a strong ruble prompted the government to maintain export duties. Global wheat supply remains ample,...
Black Sea Regional Analysis
Russian Grains Market: 8–12 December 2025 Russia’s grain market continued its bearish trend that began in early December. Global fundamentals remain the primary pressure point, and Russia is no exception given its strong linkage to international trade flows. Exceptions include barte...
Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers
Each year, the Chinese zodiac calendar features one animal to mark and typify the coming 365 days. If that process were applied to CBOT trade, Tuesday would have been the “day of the bear”, with all major grain markets ending in the red. The only specific trigger was the bearish NOP...