World Perspectives
feed-grains

Rice Self-Sufficiency

It is noted that rice imports by Nigeria are declining, with increased border protections and larger domestic production to blame. However, the same dynamic is occurring in other major rice markets such as the Philippines, China, Saudi Arabia, and Cote d’Ivoire.  Global rice trade hit its peak in 2017 and since has shrunk by 10 percent. By contrast, consumption over the same period has grown by 2.7 percent, the difference accounted for by increased domestic production. The global average tariff on rice has typically been higher than some other commodities, though skewed by a handful of countries with outsized protections. Increased rice production by large consuming countries like India and Bangladesh help to drive the change.&n...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 5-11, 2024 Wheat:  Net sales reductions of 93,600 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 487,800 MT were down 22 percent from the previous week, but unchanged fro...

feed-grains soy-oilseeds wheat

Market Commentary: Looking for Market Movers

The bearishness continues as South America crops loom and Northern Hemisphere weather is stable. The impending flood of Argentine soymeal and soyoil onto the market sent the May soyoil contract to a new low.  There was nothing in today’s weekly USDA Export Sales report to alter the...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.035 from yesterday's close.  Jul 24 Wheat closed at $5.53/bushel, up $0.0075 from yesterday's close.  May 24 Soybeans closed at $11.3425/bushel, down $0.1525 from yesterday's close.  May 24 Soymeal closed at $338/short ton, down $0.7...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 5-11, 2024 Wheat:  Net sales reductions of 93,600 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 487,800 MT were down 22 percent from the previous week, but unchanged fro...

feed-grains soy-oilseeds wheat

Market Commentary: Looking for Market Movers

The bearishness continues as South America crops loom and Northern Hemisphere weather is stable. The impending flood of Argentine soymeal and soyoil onto the market sent the May soyoil contract to a new low.  There was nothing in today’s weekly USDA Export Sales report to alter the...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.035 from yesterday's close.  Jul 24 Wheat closed at $5.53/bushel, up $0.0075 from yesterday's close.  May 24 Soybeans closed at $11.3425/bushel, down $0.1525 from yesterday's close.  May 24 Soymeal closed at $338/short ton, down $0.7...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall while Oilseeds Gain; Oil Falls on U.S. Stocks, Chinese Economy

The CBOT was mixed on Wednesday with wheat futures dropping amid fund selling due to a stronger U.S. dollar and easing Russian FOB offers while corn drifted lower in lackluster, low-volume trade. While the grains were on the defensive, the soy complex found some support from technically related...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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