World Perspectives
wheat

Down Under Limits

Major wheat exporters have a tremendous opportunity if they can take their advantage. India was thought to be in the catbird seat. Production was going to be up 1.6 percent but the exportabe surplus would be up 200 percent, until it wasn’t. Dry heat shrunk the crop and now there are export restrictions. Australia for once escaped its frequent drought conditions and produced a respectable crop. Exports will be up from 11.7 percent of world share last year to 13.7 percent this year, but under its potential. The Aussies blame a lack of truck drivers, clogged ports, and limited rail capacity, the latter bid up by steadier coal and iron ore export supplies.  Worse for Australia’s future potential, fertilizer is imported and exp...

WPI on Twitter

WPI POLL

The future of U.S. trade policy is?

Related Articles
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egyptian government officials said the “dollar crisis” has now been corrected and that foreign payments are being made by banks and delayed goods are clearing customs. Extra efforts have been made to r...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal, Live Cattle Post New Contract Highs; Grains End Firmer

The CBOT was stronger to start the day with corn and wheat finding mild, continued strength from last week’s rallies. The winterkill threats to the HRW crop mean that KCBT wheat is the upside leader in wheat futures with funds slowly shifting to the long side of the market. Corn ticked hi...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 23 Corn closed at $6.8375/bushel, up $0.0075 from yesterday's close.  Mar 23 Wheat closed at $7.525/bushel, up $0.025 from yesterday's close.  Mar 23 Soybeans closed at $15.3525/bushel, up $0.2575 from yesterday's close.  Mar 23 Soymeal closed at $488.7/short ton, up $15.2 fr...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egyptian government officials said the “dollar crisis” has now been corrected and that foreign payments are being made by banks and delayed goods are clearing customs. Extra efforts have been made to r...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal, Live Cattle Post New Contract Highs; Grains End Firmer

The CBOT was stronger to start the day with corn and wheat finding mild, continued strength from last week’s rallies. The winterkill threats to the HRW crop mean that KCBT wheat is the upside leader in wheat futures with funds slowly shifting to the long side of the market. Corn ticked hi...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 23 Corn closed at $6.8375/bushel, up $0.0075 from yesterday's close.  Mar 23 Wheat closed at $7.525/bushel, up $0.025 from yesterday's close.  Mar 23 Soybeans closed at $15.3525/bushel, up $0.2575 from yesterday's close.  Mar 23 Soymeal closed at $488.7/short ton, up $15.2 fr...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Egypt has reportedly secured a long-term contract with Germany to buy wheat from the European nation, though details on the agreement are sparse.  Russia’s total wheat planted area for 2023 is projected to reach 29.05 Mha, down from 29.468 Mha seeded in 2022. Roma...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up