World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2 – 6 December 2024Export duties were the key driver followed by forex and increased freight costs for rail deliveries which are the main channel of grain delivery to the ports both from Russian territory and occupied territories of Ukraine. Before, freight was not a major factor but now it is! Some traders are switching to truck deliveries if distances are relatively small as fuel in Russia is inexpensive compared to the rest of the world. All of the above hinders Russian farmers from receiving the price they deserve and the price which the global market is prepared to pay. December wheat exports are estimated at around 3.5 MMT which is slightly lower than the average for the past several years.Russian wheat des...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.8425/bushel, up $0.0975 from yesterday's close. Mar 25 Wheat closed at $5.3875/bushel, up $0.0125 from yesterday's close. Mar 25 Soybeans closed at $10.34/bushel, up $0.15 from yesterday's close. Mar 25 Soymeal closed at $297.2/short ton, up $2.8 from yes...

feed-grains soy-oilseeds wheat

Market Commentary: Market Gets a Bounce Ahead of Long Weekend

Commodity markets retraced some of the losses from Thursday, ending higher on Friday but not necessarily for the week. Corn is on a roll, nearing heights not seen in more than a year, but even cattle lost some of their bullish glow this week.  01172025MC_weeklychange.png 22.13 KBA key vect...

FOB Prices and Freight Rates App (Updated 17 January)

Ocean Freight Comments - 17 January 2025By Matt HerringtonIn the past month since WPI last provided our freight market commentary, dry bulk ocean freight rates have not done much at all. The holiday doldrums left markets to drift sideways/lower with slack cargo demand and little other excitemen...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.8425/bushel, up $0.0975 from yesterday's close. Mar 25 Wheat closed at $5.3875/bushel, up $0.0125 from yesterday's close. Mar 25 Soybeans closed at $10.34/bushel, up $0.15 from yesterday's close. Mar 25 Soymeal closed at $297.2/short ton, up $2.8 from yes...

feed-grains soy-oilseeds wheat

Market Commentary: Market Gets a Bounce Ahead of Long Weekend

Commodity markets retraced some of the losses from Thursday, ending higher on Friday but not necessarily for the week. Corn is on a roll, nearing heights not seen in more than a year, but even cattle lost some of their bullish glow this week.  01172025MC_weeklychange.png 22.13 KBA key vect...

FOB Prices and Freight Rates App (Updated 17 January)

Ocean Freight Comments - 17 January 2025By Matt HerringtonIn the past month since WPI last provided our freight market commentary, dry bulk ocean freight rates have not done much at all. The holiday doldrums left markets to drift sideways/lower with slack cargo demand and little other excitemen...

feed-grains soy-oilseeds wheat

Market Commentary: Give Us Our Daily Brake

Futures took a weather break today. The rain slated for Argentina and southern Brazil this weekend doesn’t appear monumental, but something is better than nothing, and something is all it takes to put brakes on a borderline market. The day’s trading closely tracked the overnight, with red showi...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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