World Perspectives
feed-grains wheat soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 16–20 October 2023  As of 20 October, Russian farmers harvested grains and pulses from 44.6 Mha which is in line with last year (44.5 Mha), averaging 3.08 MT/ha versus 3.33 MT/ha, a record-breaking year in Russian history. Interestingly, Russia first reports the bunker weight which means grain harvested but not cleaned or graded and only later in the season updates the market with the real figure. Currently, statistics show 137.2 MMT of grains in bunker weight versus 148.1 MMT a year ago. Specifically harvested was: Wheat: 28.5 Mha vs 29.1 Mha – averaging 3.26 MT/ha vs 3.59 MT/ha – producing 93.1 MMT vs 104.2 MMT Barley: 7.8 Mha vs 7.9 Mha – averaging 2.8 MT/ha vs 3.07 MT/ha –...

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feed-grains soy-oilseeds wheat

Market Commentary: Fewer Bears Ahead of WASDE

Confidence in short positions was slightly challenged today as traders positioned ahead of tomorrow’s USDA December WASDE. January soybeans jumped back 16.25 cents today, though not enough to offset a string of earlier double-digit losses. Thus far this week, January soybeans are down 13...

livestock

Livestock Roundup: China Hog and Pork Situation

CME cattle futures have grabbed the attention in the U.S., but in China, hog futures are the focus. January hog futures on the Dalian exchange are at a new contract low of ¥14.07/kg which is down about 4 percent. March futures are down about 3 percent with higher volume and a 10 percent dec...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $4.88/bushel, up $0.0375 from yesterday's close.  Mar 24 Wheat closed at $6.4225/bushel, up $0.0875 from yesterday's close.  Jan 24 Soybeans closed at $13.1175/bushel, up $0.1625 from yesterday's close.  Jan 24 Soymeal closed at $406.8/short ton, down $1.7 f...

feed-grains soy-oilseeds wheat

Market Commentary: Fewer Bears Ahead of WASDE

Confidence in short positions was slightly challenged today as traders positioned ahead of tomorrow’s USDA December WASDE. January soybeans jumped back 16.25 cents today, though not enough to offset a string of earlier double-digit losses. Thus far this week, January soybeans are down 13...

livestock

Livestock Roundup: China Hog and Pork Situation

CME cattle futures have grabbed the attention in the U.S., but in China, hog futures are the focus. January hog futures on the Dalian exchange are at a new contract low of ¥14.07/kg which is down about 4 percent. March futures are down about 3 percent with higher volume and a 10 percent dec...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $4.88/bushel, up $0.0375 from yesterday's close.  Mar 24 Wheat closed at $6.4225/bushel, up $0.0875 from yesterday's close.  Jan 24 Soybeans closed at $13.1175/bushel, up $0.1625 from yesterday's close.  Jan 24 Soymeal closed at $406.8/short ton, down $1.7 f...

feed-grains wheat soy-oilseeds

Export Sales

Export Sales and Shipments for November 24-30, 2023. Wheat:  Net sales of 356,400 metric tons (MT) for 2023/2024 were down 43 percent from the previous week, but up 8 percent from the prior 4-week average. Export shipments of 198,900 MT were down 42 percent from the previous week and 27 pe...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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