World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Holding Pattern

Two-sided, narrow trading continues as uncertainty competes with certainty over where true value is headed. In an almost hands off manner, soybeans failed to trade at its usual 25-cent minimum daily spread, and corn barely broke a 10-cent range. There is plenty of macro suspense – the Russians, Hurricane Ian, and interest rates, to just name a few. There was some angst for the ABCDs as Moscow entertained a proposal to ban them from trading in Russia. Energy markets remain in Moscow-driven upheaval. More directly bullish is the increasing likelihood that Moscow will let the Ukraine grain export corridor expire, though shipments eastward over land will gain some efficiency over time.  This morning’s USDA Export Sales report...

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feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 28 July – 1 August 2025 The harmonizing of July old crop and new crop pricing is coming to an end. As harvesting continues with a delay, prices are volatile depending on the region. Delayed harvest often causes bullish sentiments in some individual regions but press...

feed-grains soy-oilseeds wheat

Market Commentary: Pushing Toward New Lows on Bearish Supplies

There was higher volume today trading corn and hogs, and lower volume in the soy complex and SRW.  New contract lows were printed for corn, SRW, and HRW.  Yesterday’s crop progress report reflected potentially stellar crops and yield estimates from private analysts continue to p...

Infuriating Ingratiation; Soul Crushing Jobs

Infuriating Ingratiation Based on European press reports, the terms of the transatlantic trade deal (see Tariffs as a Tax) are less objectionable than the “humiliation” of “submission” to the U.S. But that is just Europe being its usual “bantie rooster.” ...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 28 July – 1 August 2025 The harmonizing of July old crop and new crop pricing is coming to an end. As harvesting continues with a delay, prices are volatile depending on the region. Delayed harvest often causes bullish sentiments in some individual regions but press...

feed-grains soy-oilseeds wheat

Market Commentary: Pushing Toward New Lows on Bearish Supplies

There was higher volume today trading corn and hogs, and lower volume in the soy complex and SRW.  New contract lows were printed for corn, SRW, and HRW.  Yesterday’s crop progress report reflected potentially stellar crops and yield estimates from private analysts continue to p...

Infuriating Ingratiation; Soul Crushing Jobs

Infuriating Ingratiation Based on European press reports, the terms of the transatlantic trade deal (see Tariffs as a Tax) are less objectionable than the “humiliation” of “submission” to the U.S. But that is just Europe being its usual “bantie rooster.” ...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.02/bushel, down $0.05 from yesterday's close.  Sep 25 Wheat closed at $5.0825/bushel, down $0.085 from yesterday's close.  Nov 25 Soybeans closed at $9.9075/bushel, down $0.0375 from yesterday's close.  Dec 25 Soymeal closed at $284.9/short ton, down $0.1...

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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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