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

May 26 Corn closed at $4.625/bushel, up $0.03 from yesterday's close.  May 26 Wheat closed at $5.9/bushel, up $0.0225 from yesterday's close.  May 26 Soybeans closed at $11.55/bushel, down $0.085 from yesterday's close.  May 26 Soymeal closed at $322.4/short ton, down $4.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Diminishing Energy Impacts on CBOT Trade

Tuesday’s energy markets took back about half of Monday’s losses as tensions in the Arab Gulf flared again, despite recent announcements of diplomatic talks and a five-day cooling-down period from the U.S. Overnight, Iran and Israel launched new rounds of attacks on each other, and...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt has seen a sharp rise in wheat prices due to increased shipping costs and the 9 percent drop in the value of Egypt’s currency. Wheat prices in Egypt are said to be up by as much as $24/MT. Both ocean freight costs and...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.625/bushel, up $0.03 from yesterday's close.  May 26 Wheat closed at $5.9/bushel, up $0.0225 from yesterday's close.  May 26 Soybeans closed at $11.55/bushel, down $0.085 from yesterday's close.  May 26 Soymeal closed at $322.4/short ton, down $4.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Diminishing Energy Impacts on CBOT Trade

Tuesday’s energy markets took back about half of Monday’s losses as tensions in the Arab Gulf flared again, despite recent announcements of diplomatic talks and a five-day cooling-down period from the U.S. Overnight, Iran and Israel launched new rounds of attacks on each other, and...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt has seen a sharp rise in wheat prices due to increased shipping costs and the 9 percent drop in the value of Egypt’s currency. Wheat prices in Egypt are said to be up by as much as $24/MT. Both ocean freight costs and...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.595/bushel, down $0.06 from yesterday's close.  May 26 Wheat closed at $5.8775/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, up $0.0225 from yesterday's close.  May 26 Soymeal closed at $326.6/short ton, down $1.4...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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