World Perspectives
feed-grains

WASDE Corn

According to USDA: U.S. corn production is estimated at 14.420 billion bushels, down 206 million on reduction in yield to 176.4 bushels per acre. Harvested area is down fractionally. Corn use is down 165 million bushels to 14.865 billion. FSI use is lowered 40 million bushels, reflecting reductions to corn used for ethanol and other industrial use. For ethanol, the reduction is based on the most recent data from the Grain Crushings and Co-Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the months of December and January. Other FSI use is lowered 15 million bushels with lower projections for high fructose corn syrup and glucose and dextrose. Feed and residual use is lower...

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feed-grains soy-oilseeds wheat

Market Commentary

Statistics Canada released its initial estimates, which are based on surveys conducted last month, of planted area for 2019. Much like the U.S., they show a decline in oilseed plantings and an increase for grains. With the de facto Chinese embargo on Canadian canola weighing heavily on prices,...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 15-19 April 2019 While grain prices on the domestic market mostly dropped in RUB expression, they grew slightly in USD expression due to the strengthening of the ruble. Meanwhile, the average milling wheat sea export price fell to $222/MT FOB Black Sea, and purchase price...

Tri-Rift; Labor Waves

Tri-Rift President Donald Trump has ripped apart the trilateral EU-Japan-U.S. policy consortium and looks to increasingly target Europe with his bitterness. Yesterday he threatened reciprocity for Europe’s retaliatory duties against Harley Davidson, and the intent by Brussels to evade his...

feed-grains soy-oilseeds wheat

Market Commentary

Statistics Canada released its initial estimates, which are based on surveys conducted last month, of planted area for 2019. Much like the U.S., they show a decline in oilseed plantings and an increase for grains. With the de facto Chinese embargo on Canadian canola weighing heavily on prices,...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 15-19 April 2019 While grain prices on the domestic market mostly dropped in RUB expression, they grew slightly in USD expression due to the strengthening of the ruble. Meanwhile, the average milling wheat sea export price fell to $222/MT FOB Black Sea, and purchase price...

Tri-Rift; Labor Waves

Tri-Rift President Donald Trump has ripped apart the trilateral EU-Japan-U.S. policy consortium and looks to increasingly target Europe with his bitterness. Yesterday he threatened reciprocity for Europe’s retaliatory duties against Harley Davidson, and the intent by Brussels to evade his...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.4675/bushel, down $0.045 from yesterday's close.  Jul 19 Wheat closed at $4.385/bushel, down $0.065 from yesterday's close.  May 19 Soybeans closed at $8.5525/bushel, down $0.0675 from yesterday's close.  May 19 Soymeal closed at $300.4/short ton, down $0...

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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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