World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Morocco is forecast by USDA-FAS to be importing about 4.5 MMT of wheat in 2021/22 – down from 5.4 MMT in 2020/21. The drop is due to the greatly increased wheat production, up from last year’s drought affected production of 2.6 MMT to this year’s forecasted 7.5 MMT. Due to the much better production levels, the ending stocks number for wheat is expected to more than double to 2.4 MMT. Barley too will show a much better production level, jumping from 640,000 MT to 2.8 MMT while imports drop by 200,000 MT to 300,000 MT. The barley use in animal feed will increase by 1.1 MMT to 1.7 MMT due to barley availability. Morocco wheat imports will “officially&rdqu...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on ADM Delivery Receipt Cancellation; Soy Complex Under Pressure

The CBOT was mixed to end the week with wheat surging to new highs and helping put a bid under corn futures as well. The soy complex was weaker due to soyoil, which was pulled lower after Malaysian palm oil futures posted a huge reversal Thursday.  The biggest reason for the KCBT rally was...

feed-grains wheat soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.38/bushel, up $0.0575 from yesterday's close.  Dec 21 Wheat closed at $7.56/bushel, up $0.1475 from yesterday's close.  Nov 21 Soybeans closed at $12.205/bushel, down $0.035 from yesterday's close.  Dec 21 Soymeal closed at $327.4/short ton, up $3.4 from...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on ADM Delivery Receipt Cancellation; Soy Complex Under Pressure

The CBOT was mixed to end the week with wheat surging to new highs and helping put a bid under corn futures as well. The soy complex was weaker due to soyoil, which was pulled lower after Malaysian palm oil futures posted a huge reversal Thursday.  The biggest reason for the KCBT rally was...

feed-grains wheat soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.38/bushel, up $0.0575 from yesterday's close.  Dec 21 Wheat closed at $7.56/bushel, up $0.1475 from yesterday's close.  Nov 21 Soybeans closed at $12.205/bushel, down $0.035 from yesterday's close.  Dec 21 Soymeal closed at $327.4/short ton, up $3.4 from...

FOB Prices and Freight Rate App (Updated 22 October)

Ocean Freight Comments - 21 October 2021 By Jay O'Neil Commodity Consulting Volatility is the one constant in dry-bulk markets, and I have no doubts about it continuing through the next year or more. The global fleet is insufficient to meet growing market needs – especially those of China...

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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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