World Perspectives
wheat

WASDE Wheat

USDA’s February estimate is for a slight increase in U.S. wheat ending stocks by 10 million bushels to 658 million for 2023/24. That is because food use is reduced 10 million bushels to 960 million, on lower wheat flour grinding - as indicated in the NASS Flour Milling Products report released on February 1. U.S. wheat exports are unchanged at 725 million bushels. The 2023/24 season-average farm price forecast is unchanged at $7.20 per bushel. The global wheat outlook for 2023/24 is for lower ending stocks by 0.7 million tons to 259.4 million, the lowest level since 2015/16...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 16-22, 2024. Wheat:  Net sales of 327,300 metric tons (MT) for 2023/2024 were up 40 percent from the previous week and 2 percent from the prior 4-week average. Export shipments of 538,700 MT were up 44 percent from the previous week and 58 percent fr...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Extends Rally; Soybeans, Wheat Continue Consolidation

The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop exp...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.285/bushel, up $0.05 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, down $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4525/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $327.5/short ton, up $2.6 from...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 16-22, 2024. Wheat:  Net sales of 327,300 metric tons (MT) for 2023/2024 were up 40 percent from the previous week and 2 percent from the prior 4-week average. Export shipments of 538,700 MT were up 44 percent from the previous week and 58 percent fr...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Extends Rally; Soybeans, Wheat Continue Consolidation

The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop exp...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.285/bushel, up $0.05 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, down $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4525/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $327.5/short ton, up $2.6 from...

Europe’s Mantel; Trade-less Trade Advisor

Europe’s Mantel Sans Viande: In three months, France will ban the use of “meat” when referring to meat alternative products. Since profits are in the adjective, meaning consumers will pay a premium for claims-based products such as geographic indicators, farmers in France have...

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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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