World Perspectives
feed-grains soy-oilseeds wheat

Geopolitical Shocks in 2024

Most reviews of the year 2023 characterize the period as tumultuous, largely due to the wars in Ukraine and the Middle East, coups in Africa driven by gold mining, plus western tensions with China. Now the outlook for 2024 is being framed as scarier still. The wars and tensions continue but adding to the mayhem will be elections in major democracies such as the U.S., EU and India. Analysis by AgriCensus attributed the 29 percent ($16 billion) decline in commodity trading in 2023 to geopolitical tensions plus weather (El Niño), or what they described as climate change. Could increased geopolitical risks and the threat of a Second Cold War mean even worse commodity declines for 2024? Researchers from USC and Linköping University...

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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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