World Perspectives
wheat

Cure for High Prices

Good moisture has enabled Australia to produce a record sized wheat crop. Due to proximity, Australia largely serves Asian markets and its wheat sales to China are up 158 percent. These sales have occured despite Chinese restrictions on many other Australian farm products. Trade ministers from the two countries have not met in over three years due to a diplomatic disagreement. However, China can buy Australian wheat at a 16 percent discount to wheat from the U.S. World wheat and U.S. wheat in particular looks set to get cheaper as record high prices lures increased production. Attracted by a record high farmgate price and lower input costs than corn or soybeans, a survey of U.S. farmers by Farm Futures magazine indicates they plan to incre...

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feed-grains soy-oilseeds wheat

Argentine Weather Emboldens CBOT Bulls

The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and so...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5375/bushel, up $0.0525 from yesterday's close. Mar 25 Wheat closed at $5.41/bushel, up $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.9725/bushel, up $0.16 from yesterday's close. Mar 25 Soymeal closed at $314.9/short ton, up $13.3 from yes...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 16 – 20 December 2024Last week, the Russian grain markets showed the first signs of the holiday season with rather weak trading. Russian grain markets and especially export business will adjust to the Christmas season globally which will then enter Russian Orthodox Christ...

feed-grains soy-oilseeds wheat

Argentine Weather Emboldens CBOT Bulls

The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and so...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5375/bushel, up $0.0525 from yesterday's close. Mar 25 Wheat closed at $5.41/bushel, up $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.9725/bushel, up $0.16 from yesterday's close. Mar 25 Soymeal closed at $314.9/short ton, up $13.3 from yes...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 16 – 20 December 2024Last week, the Russian grain markets showed the first signs of the holiday season with rather weak trading. Russian grain markets and especially export business will adjust to the Christmas season globally which will then enter Russian Orthodox Christ...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.485/bushel, up $0.0075 from yesterday's close. Mar 25 Wheat closed at $5.3475/bushel, down $0.0575 from yesterday's close. Jan 25 Soybeans closed at $9.7525/bushel, up $0.0575 from yesterday's close. Mar 25 Soymeal closed at $301.6/short ton, up $3.6 from...

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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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