World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 22–26 April 2024 Russian analysts are beginning to worry that this season’s grain production in Russia may drop from almost 145 MMT in 2023 to 135 MMT because of the drought in Southern Federal District – the wheat belt of Russia. Russian Ministry of Agriculture forecasts wheat production down to 88 MMT versus 90 MMT, barley production is now 18 MMT versus 19.5 MMT, and corn is 15 MMT versus 18.8 MMT. The 2023 crop produced 93 MMT of wheat, barley – 21.1 MMT, and corn – 16.6 MMT. Earlier, the industry was expecting rains, and the forecast was still around 140 MMT but now the rains are scarce and if the drought continues it may have a severe impact in Russia’s south. All the statis...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 2 December. The data are, obviously, delayed due to the 40-day 2025 U.S. government shutdown. While the positions below likely have little influence on today's markets or fund positioning...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Bounces while Wheat, Soybeans Fall Further

Bears were once again in charge of the CBOT on Wednesday, though they temporarily relinquished control of the corn market to bulls. Funds were aggressive sellers again in soybeans, soymeal, and wheat futures amid bearish fundamentals for each of the commodities and pushed wheat to a new contrac...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.405/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0625/bushel, down $0.0325 from yesterday's close.  Jan 26 Soybeans closed at $10.5825/bushel, down $0.045 from yesterday's close.  Jan 26 Soymeal closed at $298.2/short ton, down $4.2...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 2 December. The data are, obviously, delayed due to the 40-day 2025 U.S. government shutdown. While the positions below likely have little influence on today's markets or fund positioning...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Bounces while Wheat, Soybeans Fall Further

Bears were once again in charge of the CBOT on Wednesday, though they temporarily relinquished control of the corn market to bulls. Funds were aggressive sellers again in soybeans, soymeal, and wheat futures amid bearish fundamentals for each of the commodities and pushed wheat to a new contrac...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.405/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0625/bushel, down $0.0325 from yesterday's close.  Jan 26 Soybeans closed at $10.5825/bushel, down $0.045 from yesterday's close.  Jan 26 Soymeal closed at $298.2/short ton, down $4.2...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 8–12 December 2025 Russia’s grain market continued its bearish trend that began in early December. Global fundamentals remain the primary pressure point, and Russia is no exception given its strong linkage to international trade flows. Exceptions include barte...

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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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