World Perspectives
feed-grains soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Bangladesh reports that the lowest offer under its 50,000 MT wheat tender is $409.77 MT CNF Liner Out with the other three offers ranging from $431.83 to 441.00. No purchase has been finalized yet. Iran is expected to leave the subsidy on imported wheat in place until March 2022. The subsidy is made available through the use of the set government exchange rate of 42,000 rials to the U.S. dollar. Iran reports that it has imported 4 MMT of wheat since the start of its new year in April 2021 and has purchased 4.5 MMT from farmers. Reports say that Iran has also imported 5.5 MMT of maize and 2.2 MMT of barley. Iraq’s Ministry of Agriculture said the drought in Iraq has cost...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.335/bushel, down $0.09 from yesterday's close.  Jul 25 Wheat closed at $5.42/bushel, down $0.1275 from yesterday's close.  Jul 25 Soybeans closed at $10.56/bushel, down $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $295.5/short ton, down $0.2...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Argentina’s corn harvest advanced 3.3 percentage points over the past week and reached 43.8 percent of the estimated area nationwide. Progress remains slow due to high grain moisture and inaccessible soils in some regions. Still, harvest pace is 8 points ahead of last year &mda...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Russia’s recent strikes against Ukraine and poor progress in peace talks between the two countries in Istanbul have added “war risk” premia back into several markets, including wheat.  Farmers in Spain and France were protesting, again, agricultural im...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.335/bushel, down $0.09 from yesterday's close.  Jul 25 Wheat closed at $5.42/bushel, down $0.1275 from yesterday's close.  Jul 25 Soybeans closed at $10.56/bushel, down $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $295.5/short ton, down $0.2...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Argentina’s corn harvest advanced 3.3 percentage points over the past week and reached 43.8 percent of the estimated area nationwide. Progress remains slow due to high grain moisture and inaccessible soils in some regions. Still, harvest pace is 8 points ahead of last year &mda...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Russia’s recent strikes against Ukraine and poor progress in peace talks between the two countries in Istanbul have added “war risk” premia back into several markets, including wheat.  Farmers in Spain and France were protesting, again, agricultural im...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders became slightly more bearish the major ag markets, last week with steady net selling across the grains and oilseed complex. Funds expanded their net short position across all ags by roughly 4.7 times last week and now hold a meaningful pos...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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