World Perspectives
feed-grains soy-oilseeds wheat

European Market Analysis

Regional News Algeria bought 600 KMT of wheat in its tender that closed on Monday, buying the full volume permitted, and prices are rumored to be near $263/MT C&F. Traders suspect much of the wheat is Black Sea-origin, given the diplomatic tensions between Paris and Algiers right now. Rumors indicate that, contrary to Algeria’s 8 October tender, French traders were invited to participate in this latest tender but that they could only offer non-French wheat.Iran’s Ministry of Agriculture reports that its local wheat crop will be sufficient to meet the country’s demand for 2024/25, which will allow the country to suspend its large purchases of Russian wheat.Europe is set to see two weeks of above-average temperature and below-average...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close.  May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close.  May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close.  May 26 Soymeal closed at $331.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Political Tail Still Wagging the Market Dog

Politics are once again the tail wagging the dog in commodity markets. U.S. negotiations with Iran fell apart (again) over the weekend after Iran refused to agree to a permanent end of its nuclear weapons program. Rather than a return to the recent status quo, however, markets are adjusting to...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

CORN With a rainy start to April and excess moisture across much of Argentina’s agricultural region, the corn harvest has slowed, advancing just 2 percentage points over the past week to reach 21 percent of the total area. Rainfall during the second and third dekads of March was significa...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close.  May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close.  May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close.  May 26 Soymeal closed at $331.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Political Tail Still Wagging the Market Dog

Politics are once again the tail wagging the dog in commodity markets. U.S. negotiations with Iran fell apart (again) over the weekend after Iran refused to agree to a permanent end of its nuclear weapons program. Rather than a return to the recent status quo, however, markets are adjusting to...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

CORN With a rainy start to April and excess moisture across much of Argentina’s agricultural region, the corn harvest has slowed, advancing just 2 percentage points over the past week to reach 21 percent of the total area. Rainfall during the second and third dekads of March was significa...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds paring back their net long position across the major ag futures contracts, ending a ten-week streak of net buying. Funds sold 62,000 contracts (6.4 percent) to their all-ags net long position last week with selling in corn, soybeans, and CBOT wheat respon...

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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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