World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Much like yesterday, today’s trading was dominated by crop tour yield numbers, good weather forecasts, and continued pressure on world wheat values. The soy complex managed to post solid gains, but wheat led corn lower amid significant spread trading. Funds are thought to be flat corn while holding an 80,000-contract new short position in soybeans and a small net short in wheat. News broke this afternoon that USDA is pulling all staff from the ongoing Pro Farmer tour after one participating employee was threatened. WPI’s knowledge of this tour is that a few USDA staffers are typically present on it each year ahead of the agency’s own crop tour/yield estimate efforts. Outside markets were mostly higher today with U.S. equ...

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feed-grains soy-oilseeds wheat

Market Commentary: Weather Everywhere

Today’s trading brought corn and wheat back down to earth based on possible improved rains next week. Emphasis on possible since nothing is assured. Such a dry start is usually not the opening to a bin buster and all eyes are first on tomorrow’s weekly Drought Monitor report, next o...

Greenest Exporters; Slow to Go Green

Greenest Exporters Transatlantic duties on steel and aluminum were suspended in 2001 after the U.S. and EU agreed to pursue a Global Arrangement on Sustainable Steel and Aluminum. The arrangement would “use trade policy to confront the threats of climate change and global market distortio...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 23 Corn closed at $6.0425/bushel, down $0.0375 from yesterday's close.  Jul 23 Wheat closed at $6.1675/bushel, down $0.11 from yesterday's close.  Jul 23 Soybeans closed at $13.6075/bushel, up $0.075 from yesterday's close.  Jul 23 Soymeal closed at $405.2/short ton, up $8.5...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Everywhere

Today’s trading brought corn and wheat back down to earth based on possible improved rains next week. Emphasis on possible since nothing is assured. Such a dry start is usually not the opening to a bin buster and all eyes are first on tomorrow’s weekly Drought Monitor report, next o...

Greenest Exporters; Slow to Go Green

Greenest Exporters Transatlantic duties on steel and aluminum were suspended in 2001 after the U.S. and EU agreed to pursue a Global Arrangement on Sustainable Steel and Aluminum. The arrangement would “use trade policy to confront the threats of climate change and global market distortio...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 23 Corn closed at $6.0425/bushel, down $0.0375 from yesterday's close.  Jul 23 Wheat closed at $6.1675/bushel, down $0.11 from yesterday's close.  Jul 23 Soybeans closed at $13.6075/bushel, up $0.075 from yesterday's close.  Jul 23 Soymeal closed at $405.2/short ton, up $8.5...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 29 May – 2 June 2023  Russian farmers are in the final stage of spring planting. Russian Ministry of Agriculture reported that as of early June, 50.7 Mha were planted which is 92 percent of the forecast. A year ago, the planted area was 49.1 Mha. Spring grains...

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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.

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