Australia
U.S. Wool Update
Key Takeaways: World prices are strong; U.S. grower data doesn’t show it. Australia's benchmark finished the 2025/26 season 61 percent higher, while the value of the 2025 U.S. clip fell 7 percent. The U.S. clip is coarser than the wool behind the headlines. Only about 7 percent was finer...
WASDE Wheat - October 2026
USDA’s October WASDE outlook for 2026/27 total U.S. wheat is increased ending stocks by 23 million bushels to 740 million – but USDA notes that this is still 20 percent below last year. The season-average farm price is lowered $0.10 per bushel to $6.30 per bushel. 2026/27 glob...
U.S. Goat Meat Market: Import Growth Outpaces a Slowly Rebuilding Domestic Herd
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 percent, which is not enough to materially reduce import dependence. Domestic slaughter is rising from a low base. Commercial slaughter incre...
U.S. Wool Update
Key Takeaways: World prices are strong; U.S. grower data doesn’t show it. Australia's benchmark finished the 2025/26 season 61 percent higher, while the value of the 2025 U.S. clip fell 7 percent. The U.S. clip is coarser than the wool behind the headlines. Only about 7 percent was finer...
WASDE Wheat - October 2026
USDA’s October WASDE outlook for 2026/27 total U.S. wheat is increased ending stocks by 23 million bushels to 740 million – but USDA notes that this is still 20 percent below last year. The season-average farm price is lowered $0.10 per bushel to $6.30 per bushel. 2026/27 glob...
U.S. Goat Meat Market: Import Growth Outpaces a Slowly Rebuilding Domestic Herd
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 percent, which is not enough to materially reduce import dependence. Domestic slaughter is rising from a low base. Commercial slaughter incre...
WASDE Wheat - September 2026
USDA’s September WASDE outlook for 2026/27 is unchanged for total U.S. wheat, but there were a few adjustments in wheat types. The season-average U.S. farm price is increased $0.20 per bushel to $6.40. This month’s global wheat outlook is for ending stocks to increase 3.0 million me...
Asia
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
AP Quant: WASDE Corn
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...
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
AP Quant: WASDE Corn
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 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...
Black Sea
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
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...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
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...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
AP Quant: WASDE Corn
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...
China
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...
Global Soybean Crush Margin Forecasts
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
WASDE Soybeans - October 2026
USDA’s October WASDE outlook for 2026/27 U.S. soybeans increased ending stocks by 5 million bushels to 315 million. Prices are unchanged for 2026/27. The U.S. season-average soybean price is forecast at $12.00 per bushel; soybean meal and oil prices are projected at $340 per short ton and...
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...
Global Soybean Crush Margin Forecasts
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
WASDE Soybeans - October 2026
USDA’s October WASDE outlook for 2026/27 U.S. soybeans increased ending stocks by 5 million bushels to 315 million. Prices are unchanged for 2026/27. The U.S. season-average soybean price is forecast at $12.00 per bushel; soybean meal and oil prices are projected at $340 per short ton and...
WASDE Corn - October 2026
USDA’s October WASDE outlook for 2026/27 U.S. corn increased ending stocks by 282 million bushels to 1.8 billion. The season-average corn price received by producers is lowered $0.10 per bushel to $4.70. 2026/27 global corn ending stocks are up 8.3 million tons to 280.4 million tons - pri...
Europe
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
AP Quant: WASDE Corn
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...
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
AP Quant: WASDE Corn
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 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...
India
WASDE Soybeans - October 2026
USDA’s October WASDE outlook for 2026/27 U.S. soybeans increased ending stocks by 5 million bushels to 315 million. Prices are unchanged for 2026/27. The U.S. season-average soybean price is forecast at $12.00 per bushel; soybean meal and oil prices are projected at $340 per short ton and...
WASDE Wheat - October 2026
USDA’s October WASDE outlook for 2026/27 total U.S. wheat is increased ending stocks by 23 million bushels to 740 million – but USDA notes that this is still 20 percent below last year. The season-average farm price is lowered $0.10 per bushel to $6.30 per bushel. 2026/27 glob...
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...
WASDE Soybeans - October 2026
USDA’s October WASDE outlook for 2026/27 U.S. soybeans increased ending stocks by 5 million bushels to 315 million. Prices are unchanged for 2026/27. The U.S. season-average soybean price is forecast at $12.00 per bushel; soybean meal and oil prices are projected at $340 per short ton and...
WASDE Wheat - October 2026
USDA’s October WASDE outlook for 2026/27 total U.S. wheat is increased ending stocks by 23 million bushels to 740 million – but USDA notes that this is still 20 percent below last year. The season-average farm price is lowered $0.10 per bushel to $6.30 per bushel. 2026/27 glob...
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...
WASDE Soybeans - September 2026
USDA’s September WASDE outlook for 2026/27 U.S. soybeans is for reduced ending stocks by 10 million bushels to 310 million. The U.S. season-average soybean price is forecast at $12.00 per bushel, up $0.60 from last month: Soybean meal price is increased $30 to $340 per short ton, and the...
Middle East & Africa
FOB Prices and Freight Rates App (Updated 11 November)
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”...
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
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s Karachi port has received a shipment of 51,000 MT of wheat in the past week, with another shipment of 59,000 MT scheduled to arrive this week. Although the wheat's origin was not specified, vessel tracking indicat...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
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
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s Karachi port has received a shipment of 51,000 MT of wheat in the past week, with another shipment of 59,000 MT scheduled to arrive this week. Although the wheat's origin was not specified, vessel tracking indicat...
Transportation Perspectives - 29 October
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
North America
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...
Livestock Roundup: WASDE Forecasts Meat Production Down for 2026
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
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...
Livestock Roundup: WASDE Forecasts Meat Production Down for 2026
In yesterday’s WASDE, USDA reduced its overall red meat and poultry production forecast for 2026 as declines in beef and broiler output more than offset increases in pork and turkey production. Fourth-quarter beef production was revised downward because of slower fed cattle marketings and...
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
South America
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
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...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
Transportation Perspectives - 12 November
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
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...
FOB Prices and Freight Rates App (Updated 11 November)
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”...
AP Quant: WASDE Corn
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...