World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey’s announcement that it would stop wheat imports from June to October in order to protect local wheat production has surprised and upset the wheat trade in Turkey and internationally. Turkey’s large wheat flour exports will probably now have to be produced from local wheat rather than from imported wheat although this was not covered in the initial announcement. The biggest effect of this move is seen on Russian and Ukrainian wheat exports. Russia has reportedly asked Turkey to delay this import ban. The Turkish Exporters Assembly has also voiced strong opposition. Turkey has set a minimum export price for durum wheat at $360 MT FOB. The l...

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feed-grains soy-oilseeds wheat

Market Commentary: Sell The Fact Trade Drives Turnaround Tuesday

The big news in commodity markets Tuesday was USDA’s confirmation that China purchased nearly 800 KMT of soybeans from the U.S. on Monday. That news was corroborated by news stories saying China booked over 20 cargoes from the PNW and Gulf with basis levels rising in both locations as if...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3675/bushel, up $0.02 from yesterday's close.  Mar 26 Wheat closed at $5.59/bushel, up $0.005 from yesterday's close.  Jan 26 Soybeans closed at $11.535/bushel, down $0.0375 from yesterday's close.  Dec 25 Soymeal closed at $327/short ton, down $3.8 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Suez Canal revenue is reportedly up by 14.2 percent in the last four months due to “calmer conditions” in the Red Sea. Vessels using the canal during that period were at 4,405 with total cargo at 167.6 MM...

feed-grains soy-oilseeds wheat

Market Commentary: Sell The Fact Trade Drives Turnaround Tuesday

The big news in commodity markets Tuesday was USDA’s confirmation that China purchased nearly 800 KMT of soybeans from the U.S. on Monday. That news was corroborated by news stories saying China booked over 20 cargoes from the PNW and Gulf with basis levels rising in both locations as if...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3675/bushel, up $0.02 from yesterday's close.  Mar 26 Wheat closed at $5.59/bushel, up $0.005 from yesterday's close.  Jan 26 Soybeans closed at $11.535/bushel, down $0.0375 from yesterday's close.  Dec 25 Soymeal closed at $327/short ton, down $3.8 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Suez Canal revenue is reportedly up by 14.2 percent in the last four months due to “calmer conditions” in the Red Sea. Vessels using the canal during that period were at 4,405 with total cargo at 167.6 MM...

feed-grains soy-oilseeds wheat

Market Commentary: Bulls Win Post-WASDE Standoff

Monday’s CBOT trade quickly erased any hints of weakness that emerged during Friday’s post-WASDE selloff. The WASDE itself was – in WPI’s view – either bearish or neutral the major commodities, but futures didn’t see it that way on Monday. The soybean and soy...

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