World Perspectives

Recent Europe Analysis

Legs of War; No Cigar

Legs of War The news that Presidents Trump and Xi plus their negotiators will have extended bilateral discussions around the G20 Summit was seen as hopeful but not definitive. Both sides are dug in deep and short of one side or the other (or both). As it incurs economic calamity, this war would...

FOB Prices and Freight Rate App (Updated 17 June)

Update for 17 June: Prices/data updated through Friday's close.   4 May Update: Pushed a user interface change and improved app responsiveness. Data updated to reflect prices through Friday's close.  Launch Information:  WPI is proud to introduce our FOB Prices and Oce...

Interactive Ocean Freight Rates (Updated 17 June)

Update for 17 June 2019:  Data updated for all listed routes.     Update for 26 April 2019: Weekly data updates have been pushed, along with new routes added from the U.S. Pacific Northwest (PNW). Enjoy!  Update for 24 April 2019: Thanks for the feedback and suggestions on...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat Southeast Europe and Black Sea wheat markets are mostly steady to start the week despite rising prices in France, Germany and the U.S. The Black Sea region has been under a hot/dry weather pattern that has yet to create significant concerns for the wheat crop there. Soil moistures...

feed-grains soy-oilseeds wheat

No Growth Out of Bear Market

Historically, the keys to getting out of bear commodity markets have been economic growth and production cuts in response to low prices. Rising grain and oilseed stocks from the 1997 Asian financial crisis began to subside as the recovery in world gross domestic product (GDP) growth boosted dem...

Good/Bad Trade War; Government Procurement Challenge; POTUS Contender and Commodity Outlook

Good/Bad Trade War Political analysts correctly note how the Trump trade war has “scrambled” the politics in both major political parties. Politicians do not like to be wrong, and so the most common refrain is that Mr. Trump could have used a different course to address China’...

feed-grains soy-oilseeds wheat

Uncertainty Reigns

Despite the plethora of new data sources such as crop tours, field surveys, satellite imagery and the numerous forecasts they support, there is still great uncertainty about the global crop supply. The influential combination of climate change and genetics presents enough doubts about the real...

End of GMO Panic; Contrasts and Irony

End of GMO Panic When genetically modified wheat was curiously found in an Oregon field in 2013, some importers cancelled their shipments, others stepped up inspection of American wheat, and there were of course lawsuits. There were headlines in 2016 when GM wheat was found in in a field in Was...

soy-oilseeds

WASDE Soyoil

USDA Reported: 2018/19 reduced soybean oil used for biodiesel production, and higher soybean oil ending stocks.  The 2019/20 season-average price for soybean oil price forecast is unchanged at 29.5 cents per pound. ...

wheat feed-grains

SOEs Rule

The U.S. grain trade business has been largely dominated by privately-owned companies for the past several decades. Their efficiency at the business is demonstrated by their success over the years replacing government entities at the task, including succeeding the grain boards in Canada and Aus...

soy-oilseeds

WASDE Soymeal

USDA Reported: 2018/19 increased soybean meal imports and exports. The 2019/20 season-average price for soybean meal prices are forecast at $295 per short ton, up 5 dollars...

soy-oilseeds

WASDE Soybeans

USDA Reported:  This month’s U.S. soybean supply and use projections for 2019/20 include higher beginning and ending stocks.  Beginning stocks are raised reflecting a 75-million-bushel reduction in projected exports for 2018/19 based on lower-than-expected shipments in May and a...

feed-grains

WASDE Corn

USDA Reported:  This month’s 2019/20 U.S. corn outlook is for increased beginning stocks and imports, sharply lower production, reduced feed and residual use and exports, and smaller ending stocks.  Beginning stocks are up reflecting a 100-million-bushel decline in projected exp...

wheat

WASDE Wheat

USDA Reported: U.S. 2019/20 wheat supplies are down with lower beginning stocks partly offset by slightly higher production.  Beginning stocks are down 25 million bushels on increased 2018/19 exports.  Winter wheat production is forecast up 6 million bushels to 1,274 million with an i...

More Tariff Threats but Progress; Subsidizing Fake News; Ethanol Supply Destruction

More Tariff Threats but Progress Fresh off his claim of successfully coercing Mexico via tariff threats into greater responsibility for the immigration mess, President Trump returned his focus today to China. Likely discouraged by skepticism expressed by Treasury Secretary Steven Mnuchin that C...

feed-grains soy-oilseeds wheat

Market Commentary

Consolidation was the word of the day ahead of tomorrow’s WASDE report. Corn finished slightly higher for the most part, while soybeans and wheat added a few pennies’ value. There was notable short covering in the soy complex as traders evened their positions after several days of l...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was weaker last week as the hot, dry weather over parts of Russia did not scare it. Weather maps are showing ample soil and subsoil moisture accumulated during April and May in the southern region. High temperatures in June are common there, and the wheat is t...

More Tariffs Please; Food Tribalism and Consumer Contradictions

More Tariffs Please The International Monetary Fund (IMF) released its analysis that concluded the Trump tariffs on China have had very little adverse impact on that country. It credits the stimulus measures introduced by Beijing as a successful counteraction. However, IMF Deputy Director for A...

Planes, Trains and Automobiles; Death by Duties; Life with Meat

Planes, Trains and Automobiles Part of the focus on China pertains to the extent that the government controls the means of commerce. It is pervasive to be sure with more than a third of all business activity there estimated to be under such control. However, China is not alone. Western governme...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean futures were both lower overnight, while wheat futures found support after consecutive down days. The forecast remains favorable for spring crop planting and development, and USDA’s recent announcement that prevented planting acres will be ineligible for Market Facilitati...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 27-31 May 2019 Prices on the domestic market again either mostly declined moderately or remained stable in RUB expression, but the decreases were higher in USD expression. Export prices for 2019 wheat (12.5 percent protein content) grew significantly to $195-198/MT FOB Bl...

feed-grains soy-oilseeds wheat

Market Commentary

The weather is supposed to improve over the northern part of the Midwest, allowing a robust planting opportunity, and speculators opened the day by initially selling corn for that reason as well as concern over the trade spat with Mexico. Wheat prices remained firm, which initially held corn up...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market is on fire as it has followed the U.S. futures market rally. Meanwhile, the weather in southern Russia is far from perfect as temperatures have risen to levels above 30°C, and the 14-day forecast is calling for precipitation that is much below the normal s...

soy-oilseeds

Oilseed Highlights: China’s Soy Imports; U.S. Soy Price Advantage; U.S. Soy Plantings

China to Continue Importing U.S. Soybeans but Unlikely to Purchase More Bloomberg reported today that sources in China indicate state-owned enterprises COFCO and Sinograin intend to continue importing the soybeans already purchased from the U.S. However, the two companies have not been told to...

Legs of War; No Cigar

Legs of War The news that Presidents Trump and Xi plus their negotiators will have extended bilateral discussions around the G20 Summit was seen as hopeful but not definitive. Both sides are dug in deep and short of one side or the other (or both). As it incurs economic calamity, this war would...

FOB Prices and Freight Rate App (Updated 17 June)

Update for 17 June: Prices/data updated through Friday's close.   4 May Update: Pushed a user interface change and improved app responsiveness. Data updated to reflect prices through Friday's close.  Launch Information:  WPI is proud to introduce our FOB Prices and Oce...

Interactive Ocean Freight Rates (Updated 17 June)

Update for 17 June 2019:  Data updated for all listed routes.     Update for 26 April 2019: Weekly data updates have been pushed, along with new routes added from the U.S. Pacific Northwest (PNW). Enjoy!  Update for 24 April 2019: Thanks for the feedback and suggestions on...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat Southeast Europe and Black Sea wheat markets are mostly steady to start the week despite rising prices in France, Germany and the U.S. The Black Sea region has been under a hot/dry weather pattern that has yet to create significant concerns for the wheat crop there. Soil moistures...

feed-grains soy-oilseeds wheat

No Growth Out of Bear Market

Historically, the keys to getting out of bear commodity markets have been economic growth and production cuts in response to low prices. Rising grain and oilseed stocks from the 1997 Asian financial crisis began to subside as the recovery in world gross domestic product (GDP) growth boosted dem...

Good/Bad Trade War; Government Procurement Challenge; POTUS Contender and Commodity Outlook

Good/Bad Trade War Political analysts correctly note how the Trump trade war has “scrambled” the politics in both major political parties. Politicians do not like to be wrong, and so the most common refrain is that Mr. Trump could have used a different course to address China’...

feed-grains soy-oilseeds wheat

Uncertainty Reigns

Despite the plethora of new data sources such as crop tours, field surveys, satellite imagery and the numerous forecasts they support, there is still great uncertainty about the global crop supply. The influential combination of climate change and genetics presents enough doubts about the real...

End of GMO Panic; Contrasts and Irony

End of GMO Panic When genetically modified wheat was curiously found in an Oregon field in 2013, some importers cancelled their shipments, others stepped up inspection of American wheat, and there were of course lawsuits. There were headlines in 2016 when GM wheat was found in in a field in Was...

soy-oilseeds

WASDE Soyoil

USDA Reported: 2018/19 reduced soybean oil used for biodiesel production, and higher soybean oil ending stocks.  The 2019/20 season-average price for soybean oil price forecast is unchanged at 29.5 cents per pound. ...

wheat feed-grains

SOEs Rule

The U.S. grain trade business has been largely dominated by privately-owned companies for the past several decades. Their efficiency at the business is demonstrated by their success over the years replacing government entities at the task, including succeeding the grain boards in Canada and Aus...

soy-oilseeds

WASDE Soymeal

USDA Reported: 2018/19 increased soybean meal imports and exports. The 2019/20 season-average price for soybean meal prices are forecast at $295 per short ton, up 5 dollars...

soy-oilseeds

WASDE Soybeans

USDA Reported:  This month’s U.S. soybean supply and use projections for 2019/20 include higher beginning and ending stocks.  Beginning stocks are raised reflecting a 75-million-bushel reduction in projected exports for 2018/19 based on lower-than-expected shipments in May and a...

feed-grains

WASDE Corn

USDA Reported:  This month’s 2019/20 U.S. corn outlook is for increased beginning stocks and imports, sharply lower production, reduced feed and residual use and exports, and smaller ending stocks.  Beginning stocks are up reflecting a 100-million-bushel decline in projected exp...

wheat

WASDE Wheat

USDA Reported: U.S. 2019/20 wheat supplies are down with lower beginning stocks partly offset by slightly higher production.  Beginning stocks are down 25 million bushels on increased 2018/19 exports.  Winter wheat production is forecast up 6 million bushels to 1,274 million with an i...

More Tariff Threats but Progress; Subsidizing Fake News; Ethanol Supply Destruction

More Tariff Threats but Progress Fresh off his claim of successfully coercing Mexico via tariff threats into greater responsibility for the immigration mess, President Trump returned his focus today to China. Likely discouraged by skepticism expressed by Treasury Secretary Steven Mnuchin that C...

feed-grains soy-oilseeds wheat

Market Commentary

Consolidation was the word of the day ahead of tomorrow’s WASDE report. Corn finished slightly higher for the most part, while soybeans and wheat added a few pennies’ value. There was notable short covering in the soy complex as traders evened their positions after several days of l...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was weaker last week as the hot, dry weather over parts of Russia did not scare it. Weather maps are showing ample soil and subsoil moisture accumulated during April and May in the southern region. High temperatures in June are common there, and the wheat is t...

More Tariffs Please; Food Tribalism and Consumer Contradictions

More Tariffs Please The International Monetary Fund (IMF) released its analysis that concluded the Trump tariffs on China have had very little adverse impact on that country. It credits the stimulus measures introduced by Beijing as a successful counteraction. However, IMF Deputy Director for A...

Planes, Trains and Automobiles; Death by Duties; Life with Meat

Planes, Trains and Automobiles Part of the focus on China pertains to the extent that the government controls the means of commerce. It is pervasive to be sure with more than a third of all business activity there estimated to be under such control. However, China is not alone. Western governme...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean futures were both lower overnight, while wheat futures found support after consecutive down days. The forecast remains favorable for spring crop planting and development, and USDA’s recent announcement that prevented planting acres will be ineligible for Market Facilitati...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 27-31 May 2019 Prices on the domestic market again either mostly declined moderately or remained stable in RUB expression, but the decreases were higher in USD expression. Export prices for 2019 wheat (12.5 percent protein content) grew significantly to $195-198/MT FOB Bl...

feed-grains soy-oilseeds wheat

Market Commentary

The weather is supposed to improve over the northern part of the Midwest, allowing a robust planting opportunity, and speculators opened the day by initially selling corn for that reason as well as concern over the trade spat with Mexico. Wheat prices remained firm, which initially held corn up...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market is on fire as it has followed the U.S. futures market rally. Meanwhile, the weather in southern Russia is far from perfect as temperatures have risen to levels above 30°C, and the 14-day forecast is calling for precipitation that is much below the normal s...

soy-oilseeds

Oilseed Highlights: China’s Soy Imports; U.S. Soy Price Advantage; U.S. Soy Plantings

China to Continue Importing U.S. Soybeans but Unlikely to Purchase More Bloomberg reported today that sources in China indicate state-owned enterprises COFCO and Sinograin intend to continue importing the soybeans already purchased from the U.S. However, the two companies have not been told to...

Select Filters to Apply

  • Markets
  • Publications

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up