World Perspectives
feed-grains wheat soy-oilseeds

European Market Analysis

Regional News  On 1 December, Bulgaria lifted its import ban on four agricultural products (wheat, corn sunflower seed, and rapeseed) from Ukraine.  Last week, Russia announced an export quota for grains of 24 MMT for 15 February through 30 June 2024, which would imply monthly exports of about 5.5 MMT. The ban does not apply to EEU member states.  Kazakhstan’s government is considering a proposal to place an export tax on wheat that would be a minimum of 20 percent or €60/MT. The proposal includes an effort to ban hard wheat exports for a certain period. Additional details are lacking and there is no timeline for the export tax or the export ban.  Milling Wheat  After selling off to 2- and 3-year low...

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feed-grains soy-oilseeds wheat

Market Commentary: Mostly Higher on Weather

After days of flat to faltering closes, corn and soybeans have now rebounded the past two days, and today wheat joined the rally. In two days, July corn has gained 13 cents and July soybeans are up 36 cents.  USDA’s Export Sales report showed old crop washouts and lower actual expor...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5975/bushel, up $0.09 from yesterday's close.  Jul 24 Wheat closed at $6.0425/bushel, up $0.05 from yesterday's close.  Jul 24 Soybeans closed at $11.99/bushel, up $0.2875 from yesterday's close.  Jul 24 Soymeal closed at $364.9/short ton, up $15.9 from y...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 19-25, 2024  Wheat:  Net sales reductions of 20,300 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 508,600 MT were down 11 percent from the previous week and 8 perce...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly Higher on Weather

After days of flat to faltering closes, corn and soybeans have now rebounded the past two days, and today wheat joined the rally. In two days, July corn has gained 13 cents and July soybeans are up 36 cents.  USDA’s Export Sales report showed old crop washouts and lower actual expor...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5975/bushel, up $0.09 from yesterday's close.  Jul 24 Wheat closed at $6.0425/bushel, up $0.05 from yesterday's close.  Jul 24 Soybeans closed at $11.99/bushel, up $0.2875 from yesterday's close.  Jul 24 Soymeal closed at $364.9/short ton, up $15.9 from y...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 19-25, 2024  Wheat:  Net sales reductions of 20,300 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 508,600 MT were down 11 percent from the previous week and 8 perce...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Remains Choppy, Volatile as Weather Drives Markets

The CBOT saw another day of mixed trade with livestock futures pushing sharply lower as demand fears resurface while wheat futures drew back for a third straight day amid more forecasts of showers for previously dry production regions. The soy complex recovered a bit from Tuesday’s sellof...

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From WPI Consulting

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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