World Perspectives
feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Pakistan sees a wheat cargo of 59,700 MT arrive with another 58,000 MT to arrive this week. The Trading Corporation of Pakistan (TCP) is “under directives” to import 2.3MMT of wheat this year and has imported 338,000 MT prior to the current vessels. Pakistan is expected to import 3 MMT of wheat this 2021/22 year. Pakistan will supply 50,000 MT of wheat to the World Food Program – 10,000 MT as a donation and 40,000 as a sale – for use in Afghanistan. The wheat will be supplied by Pakistan from its imported wheat stocks. Wheat will be shipped in November/December. Pakistan’s wheat production target for 2021/22 is expected to be 30 MMT up from this...

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feed-grains soy-oilseeds wheat

Market Commentary: Black Sea Instability and Trade War Influences

There were some jitters this week as Russia and Ukraine stepped up assaults ahead of what may become talks to end the conflict. Alongside concerns about a kinetic war is the uncertainty around the incoming Trump Administration’s aggressions in trade policy.It should be noted that geopolitical u...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.255/bushel, down $0.0125 from yesterday's close. Mar 25 Wheat closed at $5.6475/bushel, down $0.0475 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, up $0.0575 from yesterday's close. Dec 24 Soymeal closed at $289.2/short ton, up $1.5 fro...

feed-grains soy-oilseeds wheat

WPI Quarterly Grain Balance Sheet Forecasts

The latest updates and model runs from WPI’s grain balance sheet and pricing forecasts show that corn and wheat are likely to see stronger-than-expected demand that should create upside potential for cash and futures markets. Conversely, soybeans are expected to see weaker demand (particularly...

feed-grains soy-oilseeds wheat

Market Commentary: Black Sea Instability and Trade War Influences

There were some jitters this week as Russia and Ukraine stepped up assaults ahead of what may become talks to end the conflict. Alongside concerns about a kinetic war is the uncertainty around the incoming Trump Administration’s aggressions in trade policy.It should be noted that geopolitical u...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.255/bushel, down $0.0125 from yesterday's close. Mar 25 Wheat closed at $5.6475/bushel, down $0.0475 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, up $0.0575 from yesterday's close. Dec 24 Soymeal closed at $289.2/short ton, up $1.5 fro...

feed-grains soy-oilseeds wheat

WPI Quarterly Grain Balance Sheet Forecasts

The latest updates and model runs from WPI’s grain balance sheet and pricing forecasts show that corn and wheat are likely to see stronger-than-expected demand that should create upside potential for cash and futures markets. Conversely, soybeans are expected to see weaker demand (particularly...

FOB Prices and Freight Rates App (Updated 22 November)

Ocean Freight Comments - 22 November 2024By Matt HerringtonThe major story behind dry bulk freight markets remains the same: slack demand causing additional weakness in rates. The downturn in rates is accelerating as markets head into the holiday season, which is usually a lull period for freig...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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