World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 30 December 2024 – 3 January 2025As of the end of 2024, Russian Statistics Agency (RosStat) statistics show “preliminary” grain crop size at 124.96 MMT without including occupied territories of Ukraine, but including annexed Crimea. RosStat can issue “preliminary” updates of the previous year’s crop all the way until the new harvest is ready. Sometimes, the final numbers are ready by the year’s end and sometimes by Q1 of the next year. Although the above number is not as impressive as last year’s 144.9 MMT (2023), it is still better than the five-year average of 134 MMT. Remember that the official forecast of the government was 130 MMT of which 83 MMT was wheat and that included occupied territories of Ukraine. T...

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feed-grains soy-oilseeds wheat

Market Commentary: Market Stalls Waiting for South American Weather Definition

There were modest volumes on this last trading day of the week, except in soymeal and cattle where the goal was to get out of the former and into the latter. There were new contract highs, again, in cattle. Overall weakness was blamed on Argentina’s announced lower tax rates on commodity...

feed-grains soy-oilseeds wheat

Market Commentary: Tick Tock on South American Weather

TikTok is still operating but the tick tock on South American will eventually run out of time. Notable developments today included a lower open, but still plenty of strength. Corn remains up about a nickel for the week, beans up more than 30-cents and while wheat dipped today, the large gains l...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.8975/bushel, up $0.055 from yesterday's close.  Mar 25 Wheat closed at $5.54/bushel, up $0 from yesterday's close.  Mar 25 Soybeans closed at $10.655/bushel, up $0.095 from yesterday's close.  Mar 25 Soymeal closed at $315.3/short ton, down $0.5 from yest...

feed-grains soy-oilseeds wheat

Market Commentary: Market Stalls Waiting for South American Weather Definition

There were modest volumes on this last trading day of the week, except in soymeal and cattle where the goal was to get out of the former and into the latter. There were new contract highs, again, in cattle. Overall weakness was blamed on Argentina’s announced lower tax rates on commodity...

feed-grains soy-oilseeds wheat

Market Commentary: Tick Tock on South American Weather

TikTok is still operating but the tick tock on South American will eventually run out of time. Notable developments today included a lower open, but still plenty of strength. Corn remains up about a nickel for the week, beans up more than 30-cents and while wheat dipped today, the large gains l...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.8975/bushel, up $0.055 from yesterday's close.  Mar 25 Wheat closed at $5.54/bushel, up $0 from yesterday's close.  Mar 25 Soybeans closed at $10.655/bushel, up $0.095 from yesterday's close.  Mar 25 Soymeal closed at $315.3/short ton, down $0.5 from yest...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Retreat on Profit Taking, Tariff Talk; Cattle Hit $200 for First Time

Except for soymeal and the livestock markets, the CBOT was lower on Wednesday with traders booking profits and taking a more cautious approach after the recent runup in prices. Too, rhetoric out of the White House is keeping traders guessing on the possible application of and retaliation to var...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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