World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Morocco’s Ministry of Agriculture said that 2023 cereals production should increase by 62 percent compared to the low drought affected crop of 2022. Total production is seen at 5.5 MMT up from 3.4 MMT. Soft wheat production will be at 3 MMT, durum wheat at 1.2 MMT, and barley at 1.3 MMT. So far in 2023, rainfall is up by 13 percent but is still 36 percent below the normal average.  Turkey’s Ziraat Bank is said to be the most likely to become banking intermediary for Russian grain export payments. If agreed to, all transactions would need U.S. and UN approval; Ziraat Bank may also be involved in the exports of Russian fertilizer. Turkey has...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.43/bushel, up $0.0275 from yesterday's close.  May 26 Wheat closed at $5.92/bushel, up $0.0975 from yesterday's close.  May 26 Soybeans closed at $11.58/bushel, down $0.0425 from yesterday's close.  May 26 Soymeal closed at $329.7/short ton, down $2.2 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records

The CBOT received several pieces of key fundamental information on Tuesday, including updated production figures from CONAB, the results of the USDA’s Monday Crop Progress report, and fresh export sales of corn to Mexico. The result was that wheat popped higher on growing concerns for yie...

Congress Coming Back to Busy Agenda

The House and Senate are returning from their two-week Easter recess period with a busy agenda ahead. While the Department of Homeland Security (DHS) shutdown has now hit the two-month mark, a plan is emerging to use reconciliation to fund Immigration and Customs Enforcement (ICE) and Customs a...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.43/bushel, up $0.0275 from yesterday's close.  May 26 Wheat closed at $5.92/bushel, up $0.0975 from yesterday's close.  May 26 Soybeans closed at $11.58/bushel, down $0.0425 from yesterday's close.  May 26 Soymeal closed at $329.7/short ton, down $2.2 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Falling Conditions; Cattle Surge to New Records

The CBOT received several pieces of key fundamental information on Tuesday, including updated production figures from CONAB, the results of the USDA’s Monday Crop Progress report, and fresh export sales of corn to Mexico. The result was that wheat popped higher on growing concerns for yie...

Congress Coming Back to Busy Agenda

The House and Senate are returning from their two-week Easter recess period with a busy agenda ahead. While the Department of Homeland Security (DHS) shutdown has now hit the two-month mark, a plan is emerging to use reconciliation to fund Immigration and Customs Enforcement (ICE) and Customs a...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Syria is reported to be the main destination for Russia’s shipments of Ukraine grain from occupied regions. Egypt had been the main destination, but it has now stopped buying grain from occupied areas. Syria and Ukraine plan...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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