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feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  WPI sources in Brussels say it’s increasingly likely that the EU Deforestation Regulations will be delayed until the region can develop better implementing systems. Recall that EUDR – which would force massive reporting and traceability requirements on seven commodities, including soybeans/products, coffee, cocoa, cattle/beef, and palm oil – is currently supposed to take effect on 31 December 2024.  Estimates for the EU-27 rapeseed crop continue to fall to near 17 MMT due to poor weather across the continent.  Kazakhstan’s 2024 wheat supply is forecast at a record-high 20 MMT, up from the prior record of 19 MMT set in 2011. The nation expects about 9 MMT to be exported.  Milling...

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Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Weather, Short Covering; Monetary Policy Turns Bullish Commodities

The  CBOT jumped sharply higher to start the new week with wheat leading the move with overnight strength. Fund short covering drove much of the day’s gains, but dryness in Brazil and the Black Sea, along with some rain-induced U.S. harvest delays, offered some fundamental motivation...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.135/bushel, up $0.1175 from yesterday's close.  Dec 24 Wheat closed at $5.825/bushel, up $0.14 from yesterday's close.  Nov 24 Soybeans closed at $10.3925/bushel, up $0.2725 from yesterday's close.  Dec 24 Soymeal closed at $328.7/short ton, up $9.5 from...

livestock

Running Out of Protein

Europe ran out of energy when the Russian attack on Ukraine forced it to reduce imports from Russia. Europe lacks the ability to defend itself despite Russia’s threat on its eastern border. Now Europe is reducing its consumption of meat but failing to invest in meat alternatives that coul...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Weather, Short Covering; Monetary Policy Turns Bullish Commodities

The  CBOT jumped sharply higher to start the new week with wheat leading the move with overnight strength. Fund short covering drove much of the day’s gains, but dryness in Brazil and the Black Sea, along with some rain-induced U.S. harvest delays, offered some fundamental motivation...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.135/bushel, up $0.1175 from yesterday's close.  Dec 24 Wheat closed at $5.825/bushel, up $0.14 from yesterday's close.  Nov 24 Soybeans closed at $10.3925/bushel, up $0.2725 from yesterday's close.  Dec 24 Soymeal closed at $328.7/short ton, up $9.5 from...

livestock

Running Out of Protein

Europe ran out of energy when the Russian attack on Ukraine forced it to reduce imports from Russia. Europe lacks the ability to defend itself despite Russia’s threat on its eastern border. Now Europe is reducing its consumption of meat but failing to invest in meat alternatives that coul...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 23 September)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

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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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