World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Corn Firms on Surprise Export Demand; Soy Complex Drifts Lower

The CBOT was mixed on Tuesday following Monday’s drubbing across the grains and oilseeds markets. Tuesday saw continued selling pressure in the soy complex as funds turn increasingly bearish amid a favorable supply outlook for 2025. The grains sector saw a bit more support with wheat rising 4-5 cents on short covering and some technical bottom-picking with values near contract lows. Corn futures saw bull old crop/new crop spreading as old crop export demand from South Korea surged and surprised the market. New crop futures remained under pressure from the 2025 supply outlook with larger U.S. acres and favorable weather so far. Too, Monday’s Crop Progress report was as expected and showed ahead-of-normal planting progress for cor...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5375/bushel, up $0.0175 from yesterday's close.  Jul 26 Wheat closed at $6.1275/bushel, up $0.0675 from yesterday's close.  May 26 Soybeans closed at $11.745/bushel, up $0.0875 from yesterday's close.  Jul 26 Soymeal closed at $321.2/short ton, up $0 from...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Rally on Weather, Biofuel Demand Prospects

For much of the period since the U.S.–Iran war started, commodity markets have been buoyed by macroeconomic “risk on” buying fueled by the geopolitical risk and crude oil’s rally. Recently, the impact of this risk and crude oil on the ag markets has faded, leaving crop f...

Farm Bill Amendments

House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has been working with Republican leadership to build momentum for a farm bill floor vote, likely expected the week of 27 April, but that depends on other must-pass legislative priorities.  The House Rules Committee meets...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5375/bushel, up $0.0175 from yesterday's close.  Jul 26 Wheat closed at $6.1275/bushel, up $0.0675 from yesterday's close.  May 26 Soybeans closed at $11.745/bushel, up $0.0875 from yesterday's close.  Jul 26 Soymeal closed at $321.2/short ton, up $0 from...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Rally on Weather, Biofuel Demand Prospects

For much of the period since the U.S.–Iran war started, commodity markets have been buoyed by macroeconomic “risk on” buying fueled by the geopolitical risk and crude oil’s rally. Recently, the impact of this risk and crude oil on the ag markets has faded, leaving crop f...

Farm Bill Amendments

House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has been working with Republican leadership to build momentum for a farm bill floor vote, likely expected the week of 27 April, but that depends on other must-pass legislative priorities.  The House Rules Committee meets...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has a Saudi Arabia-backed irrigation program that it says will increase wheat production through improved water use efficiency. The program is part of Pakistan’s Green Pakistan Incentive. Saudi Arabia is said to hav...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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