World Perspectives
feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Russian sources indicate the country plans to extend the Black Sea grain export corridor agreement for another 60 days starting 18 May 2023. The EU Parliament has extended duty-free trade with Ukraine for another year starting 6 June 2023.  Drought remains a major concern for Spain although recent rains have offered some slight relief. Last week’s rains were helpful, but the region has still received some 30 mm less rain than average for April-May. Crop production expectations continue to be revised lower and the country’s feed imports will be large for the coming year.  Unfortunately, the latest weather model runs do not offer much hope for relief for Spain in the coming weeks. Forecasts for th...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Dry Plains Weather; Cattle Futures Hit New Records

The CBOT saw wheat lead the way higher as traders are increasingly concerned about dry weather in the U.S. Southern Plains, as well as parts of the Black Sea. That strength spilled over into corn and soybeans a little bit, but neither of those markets could sustain any meaningful rallies. Fresh...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  May 25 Soybeans closed at $10.155/bushel, down $0.005 from yesterday's close.  May 25 Soymeal closed at $304.3/short ton, down $1.6 from...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn Harvest Progress and Crop Conditions Rain has slowed the corn harvest across much of Argentina’s central region, with progress advancing just 1.4 percentage points over the past week. So far, 8.1 percent of the national total has been harvested, surpassing last season’s pace by...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Dry Plains Weather; Cattle Futures Hit New Records

The CBOT saw wheat lead the way higher as traders are increasingly concerned about dry weather in the U.S. Southern Plains, as well as parts of the Black Sea. That strength spilled over into corn and soybeans a little bit, but neither of those markets could sustain any meaningful rallies. Fresh...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  May 25 Soybeans closed at $10.155/bushel, down $0.005 from yesterday's close.  May 25 Soymeal closed at $304.3/short ton, down $1.6 from...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn Harvest Progress and Crop Conditions Rain has slowed the corn harvest across much of Argentina’s central region, with progress advancing just 1.4 percentage points over the past week. So far, 8.1 percent of the national total has been harvested, surpassing last season’s pace by...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Egg shortages and rising prices are not just a feature of U.S. agriculture right now, German and northern European markets broadly are experiencing similar shortages. German sources note the supply of “barn eggs” is too small for “prevailing demand”...

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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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