World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 17–21 July 2023  Russian farmers continue harvesting winter crops and the progress is quite good with grain crop forecasts totaling 134.5 MMT of which 86.5 MMT is wheat. Local analysts increased the forecast. The worst-case scenario is 123.5 MMT of grains with 79 MMT of wheat. The barley crop is forecast at 19 MMT while corn is 15.4 MMT. The announcement of Russia quitting the Black Sea Grain Initiative (BSGI) was almost immediately followed by bombing of Odessa’s port infrastructure. Global markets reacted immediately, while Russian markets will have to adjust to step-by-step as there is no futures trading in Russia. With Russian RUB remaining relatively stable and reference prices going down, the...

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feed-grains soy-oilseeds wheat

Market Commentary: Limping Home After a Dreary Week

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Recent Market Volatility Increases Futures Mispricing

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.19/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.1525/bushel, up $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.18/bushel, down $0.0575 from yesterday's close.  Dec 25 Soymeal closed at $278.6/short ton, down $0.7...

feed-grains soy-oilseeds wheat

Recent Market Volatility Increases Futures Mispricing

Following the recent shocks to the grain markets – the Grain Stocks report data and news that soybeans will be on the negotiating table when Presidents Trump and Xi meet next – many are wondering what happens next as far as commodity pricing goes. WPI certainly doesn’t have a...

feed-grains soy-oilseeds wheat

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Dec 25 Corn closed at $4.2175/bushel, up $0.0525 from yesterday's close.  Dec 25 Wheat closed at $5.1475/bushel, up $0.055 from yesterday's close.  Nov 25 Soybeans closed at $10.2375/bushel, up $0.1075 from yesterday's close.  Dec 25 Soymeal closed at $279.3/short ton, up $5.7 fr...

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