World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 6–10 May 2024 This year’s spring weather in Russia is abnormal; last week frost was registered across European Russia ranging from Smolensk all the way to Volga Valley. Some nighttime temperatures were as low as minus 12 degrees Celsius which is catastrophic for some crops. Some European Russia territories saw snow on the ground. There were snowstorms in the Ural Mountains. This weather will likely impact Russia’s previously optimistic crop forecasts; however, it is too early to say to what extent. One thing is clear though, crop forecasts will have to be recalculated. Russian analysts believe the wheat crop may lose as much as 5 MMT which will bring production down to 86 MMT. Overall, the 2024 gr...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Hits New Highs on Smaller Russian Crop; Corn, Soy Fall on Planting Progress

The CBOT was mixed on Tuesday with corn and the soy complex finding pressure after Monday’s Crop Progress report reflected better-than-expected planting progress. That reduced concerns about late plantings negatively impacting yields or, for soybeans, unplanted corn acres being switched t...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iraq’s Kurdish Regional Government (KRG) hopes to reach an agreement with the government that would guarantee the purchase of 650,000 MT of KRG wheat production. In 2023, Iraq bought 500,000 MT of KRG wheat...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Hits New Highs on Smaller Russian Crop; Corn, Soy Fall on Planting Progress

The CBOT was mixed on Tuesday with corn and the soy complex finding pressure after Monday’s Crop Progress report reflected better-than-expected planting progress. That reduced concerns about late plantings negatively impacting yields or, for soybeans, unplanted corn acres being switched t...

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Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iraq’s Kurdish Regional Government (KRG) hopes to reach an agreement with the government that would guarantee the purchase of 650,000 MT of KRG wheat production. In 2023, Iraq bought 500,000 MT of KRG wheat...

feed-grains wheat soy-oilseeds

Market Commentary Market Commentary: Wheat Leads the Way on Weather Worries; Soyoil Rallies on China SAF Plans

Reports of frost damage in Ukraine sent CBOT futures higher to start the week with wheat once again leading the way. Weather conditions remain challenging for wheat seemingly across the entire Northern Hemisphere, which has created the meteoric rise in values. Now, concerning weather forecasts...

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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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