World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2–5 July 2024 Russian grain markets remained unmistakably bearish under pressure of high carryover and optimistic new crop forecasts. New crop is already arriving at inland elevators and even port terminals. Feed wheat lost $10/MT on a week which is a good indicator. Farmers are dumping feed wheat as they are afraid that new crop will bring prices down even further.  Although this season’s Russian grain crop is going to be modest compared to several record years, the crop will still generate a massive exportable surplus for Russia. At the end of the season, Russia has lost some major international tenders and there is no doubt the government will do everything possible to secure Russia’s posit...

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feed-grains soy-oilseeds wheat

Market Commentary: Technical Trade Drives CBOT as Markets Eye Yields, First Notice Day

Friday’s market fireworks faded a bit on Monday as traders took the opportunity to rest and reassess fundamentals. There were no particularly big news items over the weekend to drive a big swing in markets, which meant that a lull was almost bound to follow last week’s large moves i...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1225/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.2975/bushel, up $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.4775/bushel, down $0.1075 from yesterday's close.  Dec 25 Soymeal closed at $290.9/short ton, down $0...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Argentina’s corn harvest advanced only 1.3 percent this week, reaching 96 percent complete nationwide. The final stretch is always slower, and this year the harvest could extend into September as recent rains further delay fieldwork in Buenos Aires province. Farmer selling has...

feed-grains soy-oilseeds wheat

Market Commentary: Technical Trade Drives CBOT as Markets Eye Yields, First Notice Day

Friday’s market fireworks faded a bit on Monday as traders took the opportunity to rest and reassess fundamentals. There were no particularly big news items over the weekend to drive a big swing in markets, which meant that a lull was almost bound to follow last week’s large moves i...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1225/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.2975/bushel, up $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.4775/bushel, down $0.1075 from yesterday's close.  Dec 25 Soymeal closed at $290.9/short ton, down $0...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Argentina’s corn harvest advanced only 1.3 percent this week, reaching 96 percent complete nationwide. The final stretch is always slower, and this year the harvest could extend into September as recent rains further delay fieldwork in Buenos Aires province. Farmer selling has...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 25 August)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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