World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional UpdatesMEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONTunisia will shortly receive a shipment of 33,000 MT of U.S. corn, the first shipment in quite a while. The U.S. Grains Council office in Tunis says that they expect more U.S. corn imports in the coming weeks.Morocco has a combo vessel of U.S. soymeal and DDGS enroute from the U.S. with a total cargo of 33,000 MT. Morocco is a regular importer of U.S. soymeal and DDGS.   Saudi’s SALIC – Saudi Agriculture and Livestock Investment Company – is expected to purchase the 65 percent of Singapore based Olam Group that it does not own based on SALIC’s recent offer. If completed this will allow SALIC to expand its international agri-food operations. Olam is in the ag...

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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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