World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 20 – 24 January 2025 The domestic market remained bullish while the export market in dollar terms remained relatively stable. Export duties decreased slightly allowing prices to grow. Most likely the biggest bullish factor is the remaining grain stocks which are melting.  The Asian part of Russia lives a separate life where prices are not as bullish as neighbouring Kazakhstan which during some years was buying Russian wheat but shows no interest whatsoever in the Russian commodity even after the ban was lifted. At least this is the situation as of January. Prices in Kehkashan are quite low barely reaching $135/MT for 3rd grade milling wheat. Russian Grain Union (RGU) is forecasting a decrease in grain expor...

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feed-grains soy-oilseeds wheat

Thoughts on USDA Ag Outlook Numbers

The USDA’s annual Agricultural Outlook Forum (AOF) featured the agency’s first look at the 2026/27 balance sheet for the major U.S. crops and livestock products. For corn, wheat, and soybeans, this year’s numbers were in line with expectations and did not spark much reaction f...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly Bullish Except Corn Where Production Will Fall

USDA issued its major S&D crop forecast for the upcoming crop season at its annual Outlook Conference. Although generally bullish for corn and bearish for soybeans, with a modest shift in plantings from beans to corn, the report had minimal market impact except perhaps in long-dated new cro...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.0125 from yesterday's close.  May 26 Wheat closed at $5.6675/bushel, up $0.1425 from yesterday's close.  Mar 26 Soybeans closed at $11.41/bushel, up $0.075 from yesterday's close.  Mar 26 Soymeal closed at $304.8/short ton, up $0.9 fr...

feed-grains soy-oilseeds wheat

Thoughts on USDA Ag Outlook Numbers

The USDA’s annual Agricultural Outlook Forum (AOF) featured the agency’s first look at the 2026/27 balance sheet for the major U.S. crops and livestock products. For corn, wheat, and soybeans, this year’s numbers were in line with expectations and did not spark much reaction f...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly Bullish Except Corn Where Production Will Fall

USDA issued its major S&D crop forecast for the upcoming crop season at its annual Outlook Conference. Although generally bullish for corn and bearish for soybeans, with a modest shift in plantings from beans to corn, the report had minimal market impact except perhaps in long-dated new cro...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.0125 from yesterday's close.  May 26 Wheat closed at $5.6675/bushel, up $0.1425 from yesterday's close.  Mar 26 Soybeans closed at $11.41/bushel, up $0.075 from yesterday's close.  Mar 26 Soymeal closed at $304.8/short ton, up $0.9 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Markets Navigate Energy Risk and Dollar Strength

Key Market Developments Today’s theme was geopolitics and economics. Tension between the United States and Iran escalated despite reports of an “understanding” reached during Tuesday’s nuclear discussions. Iran temporarily shut parts of the Strait of Hormuz during milita...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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