Recent Soy & Oilseeds Analysis
Summary of Futures
Dec 26 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Dec 26 Wheat closed at $5.8425/bushel, down $0.1525 from yesterday's close. Jan 27 Soybeans closed at $12.19/bushel, down $0.1175 from yesterday's close. Dec 26 Soymeal closed at $325.4/short ton, down $4...
Market Commentary: Corn and Soybean Rallies Fade as Markets Reassess USDA's November Outlook
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
Summary of Futures
Dec 26 Corn closed at $4.48/bushel, down $0.01 from yesterday's close. Dec 26 Wheat closed at $5.995/bushel, up $0.0675 from yesterday's close. Jan 27 Soybeans closed at $12.3075/bushel, up $0.0275 from yesterday's close. Dec 26 Soymeal closed at $329.7/short ton, up $3.2 from...
Market Commentary: Will Follow-Through Match the Headlines?
Veterans Day offers a moment to pause and recognize the people behind the uniform. To all who have served and the families who have supported them, thank you for your dedication, courage and sacrifice. Markets had plenty of headlines to digest today, and grains offered some encouraging follow-t...
Ethanol and Biodiesel Margin Outlook Amid Falling Energy Markets
Key Takeaways: The recent pullback in crude oil and other energy markets has left many in the ag and biofuels communities wondering what it means for ethanol and biodiesel prices and profit margins. WPI’s research indicates a weak but still significant link between ethanol and crud...
Black Sea Regional Analysis
Russian Grain Markets: 2–6 November 2026 The Russian grain market remained relatively stable during the first week of November, although prices varied significantly by region. Prices were bearish in the Central, Black Soil and Southern Federal districts, while the Volga Valley, Urals and...
Summary of Futures
Dec 26 Corn closed at $4.49/bushel, up $0.0975 from yesterday's close. Dec 26 Wheat closed at $5.9275/bushel, up $0.0475 from yesterday's close. Jan 27 Soybeans closed at $12.28/bushel, up $0.3975 from yesterday's close. Dec 26 Soymeal closed at $326.5/short ton, up $5.8 from...
Market Commentary: USDA Cuts Corn Yield, Boosts Soybeans; Global Stocks Adequate but Vulnerable
What You Need to Know Today: USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to...
Expanding U.S. Soybean Crush Won’t Eliminate the Need for Exports
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
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 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...
AP Quant: WASDE Vegoils
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...
WPI Crop Progress and Conditions App (Updated 9 November)
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Summary of Futures
Dec 26 Corn closed at $4.425/bushel, down $0.055 from yesterday's close. Dec 26 Wheat closed at $5.8425/bushel, down $0.1525 from yesterday's close. Jan 27 Soybeans closed at $12.19/bushel, down $0.1175 from yesterday's close. Dec 26 Soymeal closed at $325.4/short ton, down $4...
Market Commentary: Corn and Soybean Rallies Fade as Markets Reassess USDA's November Outlook
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
Summary of Futures
Dec 26 Corn closed at $4.48/bushel, down $0.01 from yesterday's close. Dec 26 Wheat closed at $5.995/bushel, up $0.0675 from yesterday's close. Jan 27 Soybeans closed at $12.3075/bushel, up $0.0275 from yesterday's close. Dec 26 Soymeal closed at $329.7/short ton, up $3.2 from...
Market Commentary: Will Follow-Through Match the Headlines?
Veterans Day offers a moment to pause and recognize the people behind the uniform. To all who have served and the families who have supported them, thank you for your dedication, courage and sacrifice. Markets had plenty of headlines to digest today, and grains offered some encouraging follow-t...
Ethanol and Biodiesel Margin Outlook Amid Falling Energy Markets
Key Takeaways: The recent pullback in crude oil and other energy markets has left many in the ag and biofuels communities wondering what it means for ethanol and biodiesel prices and profit margins. WPI’s research indicates a weak but still significant link between ethanol and crud...
Black Sea Regional Analysis
Russian Grain Markets: 2–6 November 2026 The Russian grain market remained relatively stable during the first week of November, although prices varied significantly by region. Prices were bearish in the Central, Black Soil and Southern Federal districts, while the Volga Valley, Urals and...
Summary of Futures
Dec 26 Corn closed at $4.49/bushel, up $0.0975 from yesterday's close. Dec 26 Wheat closed at $5.9275/bushel, up $0.0475 from yesterday's close. Jan 27 Soybeans closed at $12.28/bushel, up $0.3975 from yesterday's close. Dec 26 Soymeal closed at $326.5/short ton, up $5.8 from...
Market Commentary: USDA Cuts Corn Yield, Boosts Soybeans; Global Stocks Adequate but Vulnerable
What You Need to Know Today: USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to...
Expanding U.S. Soybean Crush Won’t Eliminate the Need for Exports
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
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 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...
AP Quant: WASDE Vegoils
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...
WPI Crop Progress and Conditions App (Updated 9 November)
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...