World Perspectives
feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The current 7-day forecast for Europe favors widespread rainfall across the western and southeast regions, with heavy rain forecast for Italy and the Balkans. A high-pressure ridge exists over western and southern Russia that will prevent meaningful rainfall from developing over this region. Temperatures are expected to remain cool in western Europe for the coming week while eastern Europe and southern Russia will see above-average warmth. The weather outlook is favorable for winter crop development in Europe while Russia’s winter crops remain under duress. Notably, Russian crops faced extreme cold weather last week with no snow cover, accelerating concerns about crop conditions and 2021 yield potential.  Ru...

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feed-grains soy-oilseeds wheat

Market Commentary: Traders Pause CBOT Rally While Eyeing WASDE

The grain market fundamentals didn’t change much from Monday to Tuesday, but traders largely suspended their short-covering or long-positioning efforts as they looked ahead to the May WASDE. The report will be issued this Friday and will include USDA’s first projections for MY 2024/...

livestock

Beef Supply Overview

The March data for beef exports at 256.108 million pounds showed a drop in volume of 10.4 percent from March 2023, but posted the highest volume of Q1. Export value was down 0.3 percent, or effectively flat, from 2023, but was the highest in nine months. For Q1 2024, volume was 311,865 MT, down...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.67/bushel, down $0.02 from yesterday's close.  Jul 24 Wheat closed at $6.4275/bushel, down $0.06 from yesterday's close.  Jul 24 Soybeans closed at $12.465/bushel, down $0.0225 from yesterday's close.  Jul 24 Soymeal closed at $383.2/short ton, down $4.4...

feed-grains soy-oilseeds wheat

Market Commentary: Traders Pause CBOT Rally While Eyeing WASDE

The grain market fundamentals didn’t change much from Monday to Tuesday, but traders largely suspended their short-covering or long-positioning efforts as they looked ahead to the May WASDE. The report will be issued this Friday and will include USDA’s first projections for MY 2024/...

livestock

Beef Supply Overview

The March data for beef exports at 256.108 million pounds showed a drop in volume of 10.4 percent from March 2023, but posted the highest volume of Q1. Export value was down 0.3 percent, or effectively flat, from 2023, but was the highest in nine months. For Q1 2024, volume was 311,865 MT, down...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.67/bushel, down $0.02 from yesterday's close.  Jul 24 Wheat closed at $6.4275/bushel, down $0.06 from yesterday's close.  Jul 24 Soybeans closed at $12.465/bushel, down $0.0225 from yesterday's close.  Jul 24 Soymeal closed at $383.2/short ton, down $4.4...

Remake Agriculture for the Climate; Counter-Notifying India; Plurilateral Path

Remake Agriculture for the Climate The World Bank has issued a report on achieving net zero emissions in the agrifood system (Recipe for a Livable Planet) that cites the sector for being a big emitter, but also one that can achieve reductions at a relatively low-cost. It makes the usual recomme...

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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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