World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Retaliatory Tariffs and Pre-WASDE Positioning Drive CBOT

Pre-WASDE positioning and reactions to various tariffs and retaliatory tariffs drove much of the market’s action on Monday. The big news was China’s retaliatory tariffs against Canadian rapeseed oil, rapeseed meal, and peas, which will be levied at 100 percent of product value. That news sent canola and rapeseed futures in Canada and Europe, respectively, sharply lower and created selling pressure from which the CBOT soy complex could not escape. In grains, wheat and corn turned higher as traders adjusted positions ahead of the March WASDE report. Traders are looking for smaller U.S. 2024/25 corn ending stocks and consequently added a small volume of longs to their net position. Wheat stocks are forecast to be mostly the same as...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s change in government wheat importation is said to have led to market confusion and a drop in available wheat supply. The change from GASC to Mostakbal Misr (MM) has caused major changes in buying methods, with intern...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.72/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.625/bushel, up $0.1125 from yesterday's close.  May 25 Soybeans closed at $10.14/bushel, down $0.11 from yesterday's close.  May 25 Soymeal closed at $302.3/short ton, down $2.1 from...

New Canadian Prime Minister Selected

Last night, Canada selected a new prime minister-elect, as Justin Trudeau's reign, since November 2015, comes to a close amid a trade war with the U.S. On 6 January, Trudeau announced his resignation, opening up his seat. In the meantime, Canada's Liberal Party announced that Mark Carney was ch...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s change in government wheat importation is said to have led to market confusion and a drop in available wheat supply. The change from GASC to Mostakbal Misr (MM) has caused major changes in buying methods, with intern...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.72/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.625/bushel, up $0.1125 from yesterday's close.  May 25 Soybeans closed at $10.14/bushel, down $0.11 from yesterday's close.  May 25 Soymeal closed at $302.3/short ton, down $2.1 from...

New Canadian Prime Minister Selected

Last night, Canada selected a new prime minister-elect, as Justin Trudeau's reign, since November 2015, comes to a close amid a trade war with the U.S. On 6 January, Trudeau announced his resignation, opening up his seat. In the meantime, Canada's Liberal Party announced that Mark Carney was ch...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  In February, rainfall in Argentina’s core agricultural region averaged 222 mm, nearly double the 30-year historical average for the month, which ranges from 100–140 mm from west to east. March began with a similar trend, bringing heavy rains across the country, particula...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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