World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 27 – 31 January 2025 The market remained bullish, however, the dynamics and stability varied from region to region. Prices in the Volga Valley appreciated but Central Russia and the Asian part of Russia are still stable. The key factor was the announcement of lower remaining stocks which scares the world and traders. Farmers are happy as those who kept grains up until now are getting paid a fair price, especially with the RUB finally relatively stable. Because the export market drives the domestic market, any appreciation of the RUB means a few extra dollars to the Russian farmer, especially for some short-term forwarding contracts. Export demand, however, did not show any major excitement. Trading is slow and F...

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feed-grains soy-oilseeds wheat

WPI Quarterly Grain Balance Sheets

Following the December WASDE report from Tuesday, WPI has updated our corn, wheat, and soybean supply and use models to examine market trends for the rest of MY 2025/26. Current indications for U.S. grain complex point to uneven fundamentals across these crops, particularly in terms of global e...

feed-grains soy-oilseeds wheat

Market Commentary: Low Holiday Cheer

Grain markets traded without conviction today, see-sawing around unchanged and with modest volume. Aggies had WASDE day and outside markets had Fed day, and both events this week were kind of a bust. Some might consider it a positive to lack drama interrupting the holiday period, and that is th...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.465/bushel, up $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.335/bushel, up $0.04 from yesterday's close.  Jan 26 Soybeans closed at $10.935/bushel, up $0.0225 from yesterday's close.  Jan 26 Soymeal closed at $302.1/short ton, up $0.9 from y...

feed-grains soy-oilseeds wheat

WPI Quarterly Grain Balance Sheets

Following the December WASDE report from Tuesday, WPI has updated our corn, wheat, and soybean supply and use models to examine market trends for the rest of MY 2025/26. Current indications for U.S. grain complex point to uneven fundamentals across these crops, particularly in terms of global e...

feed-grains soy-oilseeds wheat

Market Commentary: Low Holiday Cheer

Grain markets traded without conviction today, see-sawing around unchanged and with modest volume. Aggies had WASDE day and outside markets had Fed day, and both events this week were kind of a bust. Some might consider it a positive to lack drama interrupting the holiday period, and that is th...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.465/bushel, up $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.335/bushel, up $0.04 from yesterday's close.  Jan 26 Soybeans closed at $10.935/bushel, up $0.0225 from yesterday's close.  Jan 26 Soymeal closed at $302.1/short ton, up $0.9 from y...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4425/bushel, down $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.295/bushel, down $0.05 from yesterday's close.  Jan 26 Soybeans closed at $10.9125/bushel, up $0.04 from yesterday's close.  Jan 26 Soymeal closed at $301.2/short ton, down $0.1...

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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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