World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iran, Bangladesh, and the UAE were major destinations for Indian soymeal exports in March 2024, representing 78 percent of exports – Bangladesh 33,000 MT, Iran 88,000 MT, and UAE 18,000 MT. Iran imported 429,000 MT of soymeal in 12 months of 2023/24 after importing none in 2022/23. Bangladesh imported a total of 893,000 MT of soymeal and rapeseed meal in 2023/24, up by 57 percent over 2022/23. India exported 2.1 MMT of soymeal in the 2023/24. Iraqi officials are in the Kurdistan Autonomous Region (KRG) of Iraq to discuss/arrange wheat purchases for 2024. The KRG is forecast to produce about 2.5 MMT of wheat in 2024 with an expected 500,000 MT going to...

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FOB Prices and Freight Rate App (Updated 3 May)

Ocean Freight Comments - 3 May 2024 By Matt Herrington Dry bulk freight markets continue to struggle as there is over capacity for several vessels classes and a lack of meaningful cargo demand improvement. Vessel owners and market players remain optimistic, however, that rates will rally in LH...

Interactive Ocean Freight Rates (Updated 3 May)

Ocean Freight Comments - 3 May 2024 By Matt Herrington Dry bulk freight markets continue to struggle as there is over capacity for several vessels classes and a lack of meaningful cargo demand improvement. Vessel owners and market players remain optimistic, however, that rates will rally in LH...

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...

FOB Prices and Freight Rate App (Updated 3 May)

Ocean Freight Comments - 3 May 2024 By Matt Herrington Dry bulk freight markets continue to struggle as there is over capacity for several vessels classes and a lack of meaningful cargo demand improvement. Vessel owners and market players remain optimistic, however, that rates will rally in LH...

Interactive Ocean Freight Rates (Updated 3 May)

Ocean Freight Comments - 3 May 2024 By Matt Herrington Dry bulk freight markets continue to struggle as there is over capacity for several vessels classes and a lack of meaningful cargo demand improvement. Vessel owners and market players remain optimistic, however, that rates will rally in LH...

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...

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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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