World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Tuesday’s rumors had the Russian government taking steps to slow the frantic pace of wheat exports. Today it became clear that it did act but not in a way that was expected. The government apparently has closed about 30 interior grain elevators in Rostov and Krasnodar for three months. This move is described as punishment for the issuance of faulty and inaccurate quality certification for grain (mostly wheat) that was shipped from the facilities in question. That seems an odd penalty for misrepresenting grain quality. It is widely believed among Russian exporters that shutting these facilities through the end of the year, and thus significantly cutting the capacity for interior wheat origination, has been done to curtail wheat exports...

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China doesn’t offer the best business environment for American companies and FDI has plummeted. But Xi Jinping told CEO’s that his country will continue building a “first class business environment.” Meanwhile, Joe Biden tells American companies that they are monopolies...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.42/bushel, up $0.1525 from yesterday's close.  May 24 Wheat closed at $5.6025/bushel, up $0.1275 from yesterday's close.  May 24 Soybeans closed at $11.915/bushel, down $0.01 from yesterday's close.  May 24 Soymeal closed at $337.7/short ton, down $1.3 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for period March 15-21, 2024. Wheat:  Net sales of 339,600 metric tons (MT) for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Export shipments of 408,900 MT were up 3 percent from the previous week, but do...

Divergent Perspectives

China doesn’t offer the best business environment for American companies and FDI has plummeted. But Xi Jinping told CEO’s that his country will continue building a “first class business environment.” Meanwhile, Joe Biden tells American companies that they are monopolies...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.42/bushel, up $0.1525 from yesterday's close.  May 24 Wheat closed at $5.6025/bushel, up $0.1275 from yesterday's close.  May 24 Soybeans closed at $11.915/bushel, down $0.01 from yesterday's close.  May 24 Soymeal closed at $337.7/short ton, down $1.3 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for period March 15-21, 2024. Wheat:  Net sales of 339,600 metric tons (MT) for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Export shipments of 408,900 MT were up 3 percent from the previous week, but do...

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...

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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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