World Perspectives
feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for July 19-25, 2024 Wheat:  Net sales of 286,600 metric tons (MT) for 2024/2025 were down 7 percent from the previous week and 41 percent from the prior 4-week average. Export shipments of 454,200 MT were up 67 percent from the previous week and 21 percent from the prior 4-week average. The destinations were primarily to the Philippines (123,600 MT), South Korea (102,000 MT), Mexico (90,000 MT), Chile (55,900 MT), and Honduras (23,400 MT). Corn:  Net sales of 167,900 MT for 2023/2024--a marketing-year low--were down 49 percent from the previous week and 60 percent from the prior 4-week average. Export shipments of 1,035,100 MT were down 14 percent from the previous week, but up 1 percent from the prio...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

Phase II Deal; EU Strategy; Mimicking EU

Phase II Deal U.S. Treasury Secretary Scott Bessent suggested that a phase-one deal may be a model for trade talks with China. It may be the only model that would help U.S. farmers. Brazil still has a price edge on soybeans, and even a 10 percent tariff is enough to price out U.S. commodities...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

Phase II Deal; EU Strategy; Mimicking EU

Phase II Deal U.S. Treasury Secretary Scott Bessent suggested that a phase-one deal may be a model for trade talks with China. It may be the only model that would help U.S. farmers. Brazil still has a price edge on soybeans, and even a 10 percent tariff is enough to price out U.S. commodities...

wheat

Bearish Wheat Report, Bullish Foundation

USDA’s May WASDE report was perhaps surprisingly bearish wheat. Futures hit yet more new record lows again today. For the U.S., USDA found higher yields running into lower demand. Globally, the agency sees increasing production even in countries like Russia and China where conditions have...

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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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