World Perspectives
wheat biofuel softs

India Subcontinent Regional Analysis

Wheat Procurement Exceeds Estimates; Open Market Prices Drop As of 4 June 2018, 34.724 MMT of wheat had been procured for 2018/19 by the Food Corporation of India (FCI) and state agencies, 8.51 percent more than the government of India’s (GOI’s) fixed target of 32 MMT. For reference, the 2017/18 procurement totaled 30.824 MMT. Two states that form the country’s breadbasket, Punjab and Haryana, have delivered the most wheat to GOI warehouses at a total 21.43 MMT, 61.71 percent of the volume procured thus far. While the procurement is completed there, it is still open in parts of Uttar Pradesh, Madhya Pradesh and Rajasthan. The final total is expected to possibly reach 35 MMT, which would be a record. While this is good...

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China Market Analysis

Grain Utilization Grain market prices have been cooling of late due to the prospects of a large South American crop, but China is also cited as an influence. Sinograin has been auctioning soybeans and it may also be releasing some of its reserves of corn into the market. Corn and wheat are bein...

feed-grains soy-oilseeds wheat

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The CBOT traded mostly lower on Tuesday with funds remaining dedicated sellers. The motivation for their selling stems partially from pre-holiday risk-off trading and partially from the technical weakness enveloping the charts. Corn was the downside leader for the second straight day, though ob...

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Mar 26 Corn closed at $4.405/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.1075/bushel, down $0.0225 from yesterday's close.  Mar 26 Soybeans closed at $10.6225/bushel, down $0.0125 from yesterday's close.  Mar 26 Soymeal closed at $302.3/short ton, down...

feed-grains soy-oilseeds wheat

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Grain Utilization Grain market prices have been cooling of late due to the prospects of a large South American crop, but China is also cited as an influence. Sinograin has been auctioning soybeans and it may also be releasing some of its reserves of corn into the market. Corn and wheat are bein...

feed-grains soy-oilseeds wheat

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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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