World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt has decided not to set up a wheat hedging program for 2024/25 due to the recent weakness in wheat prices. Egypt has long talked about beginning wheat hedging but never seems able to make the final decision. With most of Egypt’s wheat purchases coming from the Black Sea, hedging can be a more difficult task.  Egypt is planning to build six wheat silos in 2024 at a cost of $145.6 million. These silos will increase total storage by 420,000 MT to 4.62MMT. $61.5 million is being supplied by the French Development Agency with Egypt providing the balance of the financing. Egypt reports that its wheat reserves stand at 4.2 months consumption. ...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 16-22, 2024. Wheat:  Net sales of 327,300 metric tons (MT) for 2023/2024 were up 40 percent from the previous week and 2 percent from the prior 4-week average. Export shipments of 538,700 MT were up 44 percent from the previous week and 58 percent fr...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Extends Rally; Soybeans, Wheat Continue Consolidation

The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop exp...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.285/bushel, up $0.05 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, down $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4525/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $327.5/short ton, up $2.6 from...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 16-22, 2024. Wheat:  Net sales of 327,300 metric tons (MT) for 2023/2024 were up 40 percent from the previous week and 2 percent from the prior 4-week average. Export shipments of 538,700 MT were up 44 percent from the previous week and 58 percent fr...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Extends Rally; Soybeans, Wheat Continue Consolidation

The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop exp...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.285/bushel, up $0.05 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, down $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4525/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $327.5/short ton, up $2.6 from...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19–23 February 2024 As expected, the Russian grain market remained stable and slightly bearish. Export demand will do the trick in the future unless there are major developments with the Russian domestic currency market or export duties. The government continues tax...

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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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