World Perspectives
feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Net sales for the 2019/2020 marketing year, which began June 1, totaled 47,600 MT metric tons, resulting increases for Japan (112,100 MT, including 11,000 MT switched from unknown destinations and decreases of 200 MT), Mexico (75,300 MT, including decreases of 500 MT), Taiwan (56,700 MT, including 55,000 MT switched from unknown destinations), Iraq (55,000 MT, including 45,000 MT switched from unknown destinations), and Vietnam (30,000 MT).  Reductions were primarily for unknown destinations (189,200 MT), the Philippines (50,000 MT), and South Korea (48,600 MT).  A total of 1,587,300 MT in sales were carried over from the 2018/2019 marketing year, which ended May 31.  Exports for the period ending May 31, of 17,6...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.0575 from yesterday's close.  May 24 Wheat closed at $5.475/bushel, up $0.04 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.065 from yesterday's close.  May 24 Soymeal closed at $339/short ton, down $0.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Acreage Outlooks Weaken Corn, Soy; Wheat Gains on Firmer Russian Offers

Trade at the CBOT was mostly lower heading into Thursday’s Grain Stocks and Prospective Plantings reports from the USDA, but wheat futures managed to find midday support and settle higher. Wheat’s strength came from another week of cautious gains in Russian FOB offers, which is seen...

BRICS Grain Exchange; EU Policy Foibles; Yen Implosion

BRICS Grain Exchange Russia is reportedly pushing other BRICS members to use the bloc as a grain exchange in competition with the West. The assertion is that these countries already control 42 percent of the grain trade. Add the new members like Egypt, Saudi Arabia, Iran and the UAE, plus other...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.0575 from yesterday's close.  May 24 Wheat closed at $5.475/bushel, up $0.04 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.065 from yesterday's close.  May 24 Soymeal closed at $339/short ton, down $0.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Acreage Outlooks Weaken Corn, Soy; Wheat Gains on Firmer Russian Offers

Trade at the CBOT was mostly lower heading into Thursday’s Grain Stocks and Prospective Plantings reports from the USDA, but wheat futures managed to find midday support and settle higher. Wheat’s strength came from another week of cautious gains in Russian FOB offers, which is seen...

BRICS Grain Exchange; EU Policy Foibles; Yen Implosion

BRICS Grain Exchange Russia is reportedly pushing other BRICS members to use the bloc as a grain exchange in competition with the West. The assertion is that these countries already control 42 percent of the grain trade. Add the new members like Egypt, Saudi Arabia, Iran and the UAE, plus other...

livestock

Duck Data

The USDA attache’s office in New Delhi reports that India issued revised import rules last month for premium duck meat. The tariff was reduced from 30 percent to 5 percent, and standards were announced for selling the meat to at least three-star hotels and restaurants approved by the gove...

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Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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