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

Summary of Futures

Mar 26 Corn closed at $4.275/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.7375/bushel, down $0.065 from yesterday's close.  May 26 Soybeans closed at $11.4975/bushel, down $0.035 from yesterday's close.  May 26 Soymeal closed at $312.5/short ton, down $1.3 fro...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn Rains finally arrived across much of Argentina’s agricultural region, halting the crop deterioration seen in recent weeks. The core corn and soybean region benefited most, with some areas receiving up to 100 mm. However, localized damage from excess moisture, wind and hail affected a...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds expanding long positions across the major ag futures contracts for the fifth straight week. Funds added 95,000 contracts to their all-ags net long position, with buying in the soy complex driving about two-thirds of the increase.  The soy complex saw...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.275/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.7375/bushel, down $0.065 from yesterday's close.  May 26 Soybeans closed at $11.4975/bushel, down $0.035 from yesterday's close.  May 26 Soymeal closed at $312.5/short ton, down $1.3 fro...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn Rains finally arrived across much of Argentina’s agricultural region, halting the crop deterioration seen in recent weeks. The core corn and soybean region benefited most, with some areas receiving up to 100 mm. However, localized damage from excess moisture, wind and hail affected a...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds expanding long positions across the major ag futures contracts for the fifth straight week. Funds added 95,000 contracts to their all-ags net long position, with buying in the soy complex driving about two-thirds of the increase.  The soy complex saw...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 6-12, 2026.  Wheat: Net sales of 288,000 metric tons (MT) for 2025/2026 were down 41 percent from the previous week and 44 percent from the prior 4-week average. Export shipments of 322,600 MT were down 44 percent from the previous week and 26 percen...

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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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