World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 28 October – 1 November 2024Russian analysts revised the 2024 Russian crop downwards to 128.8 MMT without newly occupied territories but with Crimea which was occupied a decade ago. This new forecast is down 11 percent from the previous year. Wheat is at 85.6 MMT – down 8 percent, barley down 12 percent at 18.6 MMT, and corn is at 12.2 MMT – down 26.5 percent. Domestic consumption in Russia is estimated at 74.2 MMT versus 74.4 MMT in 2023 which is strange because with more occupied territories you would think you would need to feed more people. At the same time, losses of armed forces in the front in Ukraine are massive and are believed to be hundreds of thousands. The Ministry of Agriculture forecasts the grain...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.545/bushel, up $0.07 from yesterday's close.  Jul 25 Wheat closed at $5.46/bushel, up $0.17 from yesterday's close.  Jul 25 Soybeans closed at $10.53/bushel, up $0.0225 from yesterday's close.  Jul 25 Soymeal closed at $292.6/short ton, up $1.5 from yeste...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat, Corn Rally on Weather Worries; Cattle Consolidate but Beef Rallies

The CBOT turned higher on Tuesday with wheat leading the way. Wheat turned higher overnight and started the broader CBOT rally as traders are increasingly concerned about the Black Sea weather, and, to a lesser extent, the EU and U.S. forecasts as well. Too, wheat saw more action as it is where...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is expected to have a record maize crop in 2025 due to increases in planting maize versus wheat or rice. Total maize planting area is up by close to 7 percent which could see the maize crop reach a record of 5.1 MMT &nd...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.545/bushel, up $0.07 from yesterday's close.  Jul 25 Wheat closed at $5.46/bushel, up $0.17 from yesterday's close.  Jul 25 Soybeans closed at $10.53/bushel, up $0.0225 from yesterday's close.  Jul 25 Soymeal closed at $292.6/short ton, up $1.5 from yeste...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat, Corn Rally on Weather Worries; Cattle Consolidate but Beef Rallies

The CBOT turned higher on Tuesday with wheat leading the way. Wheat turned higher overnight and started the broader CBOT rally as traders are increasingly concerned about the Black Sea weather, and, to a lesser extent, the EU and U.S. forecasts as well. Too, wheat saw more action as it is where...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is expected to have a record maize crop in 2025 due to increases in planting maize versus wheat or rice. Total maize planting area is up by close to 7 percent which could see the maize crop reach a record of 5.1 MMT &nd...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.475/bushel, up $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.29/bushel, up $0.04 from yesterday's close.  Jul 25 Soybeans closed at $10.5075/bushel, up $0.0075 from yesterday's close.  Jul 25 Soymeal closed at $291.1/short ton, down $0.8 from y...

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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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