World Perspectives
feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Iraq tendered for 50 KMT of milling wheat last week and the lowest offer received was for Ukrainian wheat at $386/MT CNF. U.S. wheat was offered at $551.80/MT CNF with offers from Canada, Australia, Romania, Poland, and Lithuania ranging from $424-498.50/MT CNF. Offers for Russian wheat were not considered due to the terms of the tender.  Last week, Tunisia bought 150 KMT of soft wheat at $383-388/MT CNF along with 100 KMT of durum wheat priced from $505-522/MT CNF.  Wheat is reportedly piling up in Egypt’s ports due to payment issues. Sources say between 800-900 KMT of wheat is in ports waiting for payments to clear. Reports indicate that 80 percent of Egypt’s wheat mills cannot operate to produ...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Mostakbal Misr (Future of Egypt) may not be able to buy grain from Ukraine as it could be added to the blacklist. Ukraine says that the company has purchased wheat from Russia that was harvested in Russia occupied ar...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Overrides Trade Deal; Cattle Hit New Highs on Tight Inventories

The big news for Monday’s ag market trade wasn’t the U.S.-EU trade deal, but rather continued favorable weather in the U.S. Midwest that will boost corn and soybean yield potential to record or near-record levels. The weather has private analysts boosting yield expectations by sever...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 28 July)

Update for 28 April 2025: 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 o...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Mostakbal Misr (Future of Egypt) may not be able to buy grain from Ukraine as it could be added to the blacklist. Ukraine says that the company has purchased wheat from Russia that was harvested in Russia occupied ar...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Overrides Trade Deal; Cattle Hit New Highs on Tight Inventories

The big news for Monday’s ag market trade wasn’t the U.S.-EU trade deal, but rather continued favorable weather in the U.S. Midwest that will boost corn and soybean yield potential to record or near-record levels. The weather has private analysts boosting yield expectations by sever...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 28 July)

Update for 28 April 2025: 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 o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.14/bushel, down $0.05 from yesterday's close.  Sep 25 Wheat closed at $5.385/bushel, up $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $10.115/bushel, down $0.095 from yesterday's close.  Dec 25 Soymeal closed at $279.3/short ton, down $2.3 fr...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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