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’s government increased the purchase price of local wheat, to the equivalent of $430 MT. The government says that more than 7 MMT of local wheat has been purchased from farmers. The Iran Ag Ministry says that purchases of local wheat for next year should increase to 9 MMT due to increased planting.   Sri Lanka’s main bakeries have decided not to increase bread prices during the current flour shortage with wheat flour prices jumping by about 50 percent. However, bakeries are reported to be cutting back on production due to high flour prices. The government say that wheat flour shipments are expected shortly from Turkey and Dubai and...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egyptian government officials said the “dollar crisis” has now been corrected and that foreign payments are being made by banks and delayed goods are clearing customs. Extra efforts have been made to r...

feed-grains soy-oilseeds livestock

Parsing the Data

Brazil’s meat processors are expressing angst that their country’s boosted corn exports to China this year will drive up domestic feed costs to what they describe as an “overpriced” level. The number of Chinese bidders for imported corn is large as the Middle Kingdom&rsq...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal, Live Cattle Post New Contract Highs; Grains End Firmer

The CBOT was stronger to start the day with corn and wheat finding mild, continued strength from last week’s rallies. The winterkill threats to the HRW crop mean that KCBT wheat is the upside leader in wheat futures with funds slowly shifting to the long side of the market. Corn ticked hi...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egyptian government officials said the “dollar crisis” has now been corrected and that foreign payments are being made by banks and delayed goods are clearing customs. Extra efforts have been made to r...

feed-grains soy-oilseeds livestock

Parsing the Data

Brazil’s meat processors are expressing angst that their country’s boosted corn exports to China this year will drive up domestic feed costs to what they describe as an “overpriced” level. The number of Chinese bidders for imported corn is large as the Middle Kingdom&rsq...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal, Live Cattle Post New Contract Highs; Grains End Firmer

The CBOT was stronger to start the day with corn and wheat finding mild, continued strength from last week’s rallies. The winterkill threats to the HRW crop mean that KCBT wheat is the upside leader in wheat futures with funds slowly shifting to the long side of the market. Corn ticked hi...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 23 Corn closed at $6.8375/bushel, up $0.0075 from yesterday's close.  Mar 23 Wheat closed at $7.525/bushel, up $0.025 from yesterday's close.  Mar 23 Soybeans closed at $15.3525/bushel, up $0.2575 from yesterday's close.  Mar 23 Soymeal closed at $488.7/short ton, up $15.2 fr...

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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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