World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Grain Initiative: One and Done?

The uncertainty that Russia’s invasion has brought to agricultural markets continues. Roughly 32.9 MMT of grain has been exported from Ukraine since the Black Sea Grain Initiative (BSGI) began in July 2022. Russia refused to extend it Monday, siting the continued sanctions that target Russian leadership and financial institutions, which extended to its exclusion from the SWIFT international payment system. Russia's withdrawal from the BSGI, which includes canceling its guarantees for safe navigation for ocean vessels, also ended an agreement between the United Nations and Moscow in which U.N. officials agreed to help Russian food and fertilizer exports reach world markets. China is a notable exception to the U.S.-led effort to impose...

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feed-grains soy-oilseeds wheat

Market Commentary: Bulls Rest While Eyeing South American Weather

The CBOT turned mostly lower on Tuesday as the excitement from the bullish WASDE faded. Traders now see the corn and soybean yield and production cuts as fully priced into futures, which left markets to return to trading the South American weather outlooks and export trends. Both of these facto...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.745/bushel, down $0.02 from yesterday's close. Mar 25 Wheat closed at $5.4625/bushel, up $0.0125 from yesterday's close. Mar 25 Soybeans closed at $10.475/bushel, down $0.055 from yesterday's close. Mar 25 Soymeal closed at $305.8/short ton, down $2 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONSyria has been added to Ukraine’s list of countries eligible for assistance under the “Grain from Ukraine” aid program – an initial shipment of 500 MT of wheat flour has been made to Syria by Ukraine.Ukraine expanded its “Grain from Ukra...

feed-grains soy-oilseeds wheat

Market Commentary: Bulls Rest While Eyeing South American Weather

The CBOT turned mostly lower on Tuesday as the excitement from the bullish WASDE faded. Traders now see the corn and soybean yield and production cuts as fully priced into futures, which left markets to return to trading the South American weather outlooks and export trends. Both of these facto...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.745/bushel, down $0.02 from yesterday's close. Mar 25 Wheat closed at $5.4625/bushel, up $0.0125 from yesterday's close. Mar 25 Soybeans closed at $10.475/bushel, down $0.055 from yesterday's close. Mar 25 Soymeal closed at $305.8/short ton, down $2 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONSyria has been added to Ukraine’s list of countries eligible for assistance under the “Grain from Ukraine” aid program – an initial shipment of 500 MT of wheat flour has been made to Syria by Ukraine.Ukraine expanded its “Grain from Ukra...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

There were really no surprises in this week’s CFTC report, which was delayed one day due to the national day of mourning for President Carter, as funds’ activity matched up with expectations and general market direction. Note that the data, which captures funds’ positions through Tuesday, 7 Jan...

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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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