World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional UpdatesMEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONIraq’s grain import requirements for 2024/25 are expected to be lower according to the FAO as a result of the good 2023/24 wheat crop. Wheat imports are seen dropping by 23 percent to about 1.8 MMT. Iraq has also added a wheat flour import duty of 10 percent, increasing to 25 percent in mid-2025, this in order to protect local flour mills.Afghanistan’s 2024/25 wheat and wheat flour imports are expected to drop by about 1.1 MMT to 3.5 MMT due to the above average wheat crop in 2023/24. Local wheat flour prices are said to have dropped by as much as 25 percent, according to the FAO.Turkey’s 1.0 MMT corn import quota is reported to have been “overbought” and trade source...

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feed-grains soy-oilseeds wheat

Market Commentary: Grains Gain on Black Sea Tensions; Cattle Extend Rally

The CBOT initially looked set for a quiet day of post-holiday trade on Tuesday, but that was before Russian President Putin elevated political tensions in the Black Sea region. Putin threatened to increase attacks on Ukraine in response to Ukraine’s recent attacks on Russian tanker vessel...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.5/bushel, up $0.05 from yesterday's close.  Mar 26 Wheat closed at $5.41/bushel, up $0.06 from yesterday's close.  Jan 26 Soybeans closed at $11.2475/bushel, down $0.0325 from yesterday's close.  Jan 26 Soymeal closed at $311.6/short ton, down $3 from yes...

feed-grains soy-oilseeds wheat

China Market Analysis

Economy China’s official data and its rhetoric do not always align and while its exports have remained robust, it has not prevented a slump in manufacturing output. Its purchasing managers index (PMI) was below 50 (contraction territory) in November, the eighth straight monthly decline. W...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Gain on Black Sea Tensions; Cattle Extend Rally

The CBOT initially looked set for a quiet day of post-holiday trade on Tuesday, but that was before Russian President Putin elevated political tensions in the Black Sea region. Putin threatened to increase attacks on Ukraine in response to Ukraine’s recent attacks on Russian tanker vessel...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.5/bushel, up $0.05 from yesterday's close.  Mar 26 Wheat closed at $5.41/bushel, up $0.06 from yesterday's close.  Jan 26 Soybeans closed at $11.2475/bushel, down $0.0325 from yesterday's close.  Jan 26 Soymeal closed at $311.6/short ton, down $3 from yes...

feed-grains soy-oilseeds wheat

China Market Analysis

Economy China’s official data and its rhetoric do not always align and while its exports have remained robust, it has not prevented a slump in manufacturing output. Its purchasing managers index (PMI) was below 50 (contraction territory) in November, the eighth straight monthly decline. W...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey is reportedly buying Russian grain once again due to lower wheat production this year – production of wheat dropped from 21 MMT in 2023/24 to an expected 16.3 MMT in 2025/26 – due to severe drought. Turkey&rsquo...

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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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