World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 18–22 December 2023 As of mid-December, the Russian Statistics Agency reports 142.6 MMT of grains harvested in standard weight excluding occupied territories in Donetsk, Luhansk, Zaporizhzhia, and Kherson. The wheat crop alone accounted for 92.8 MMT which is the second-best crop in Russia’s history. Corn production is forecast at 14.4 MMT, however, chances are it could be as large as 17 MMT. That would make a total grain crop in Russia of 145 MMT. The estimated grain crop in occupied territories (please see above) is 4.8 MMT, which means that this grain crop will continue putting pressure on the market, especially if exports are delayed. The only other factors which may help prices grow are a weaker RUB...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 16-22, 2024. Wheat:  Net sales of 327,300 metric tons (MT) for 2023/2024 were up 40 percent from the previous week and 2 percent from the prior 4-week average. Export shipments of 538,700 MT were up 44 percent from the previous week and 58 percent fr...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Extends Rally; Soybeans, Wheat Continue Consolidation

The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop exp...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.285/bushel, up $0.05 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, down $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4525/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $327.5/short ton, up $2.6 from...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 16-22, 2024. Wheat:  Net sales of 327,300 metric tons (MT) for 2023/2024 were up 40 percent from the previous week and 2 percent from the prior 4-week average. Export shipments of 538,700 MT were up 44 percent from the previous week and 58 percent fr...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Extends Rally; Soybeans, Wheat Continue Consolidation

The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop exp...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.285/bushel, up $0.05 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, down $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4525/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $327.5/short ton, up $2.6 from...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19–23 February 2024 As expected, the Russian grain market remained stable and slightly bearish. Export demand will do the trick in the future unless there are major developments with the Russian domestic currency market or export duties. The government continues tax...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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