World Perspectives
feed-grains wheat

Russia’s Grain Shortfall

Today’s USDA quarterly Grain Stocks report provided the market with a bullish input but there may be another shoe to drop. Russia’s stocks to use ratio for corn and wheat have been dropping for four straight years. Over that timeframe, it is down 64 percent for corn and 48 percent for wheat. Russia has continued to export wheat at low prices despite the tightening supply, but it has increased the export duty on corn by ten-fold, to 2,786.2 rubles ($30)/MT.  Russia has exported aggressively to both earn foreign exchange and build respect from food insecure nations. However, Moscow has concluded that at least when it comes to corn, it needs to cover its own food security needs and prevent domestic food inflation. But wheat a...

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feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Farmer selling of grains remains limited across most of Europe as low prices and the looming holidays have producers focused on other things. Too, the logistical difficulties of moving grain around the December holidays are prompting many to wait until the new year to market...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Market Commentary: Low Volume But Solid Intentions

The CME and traders recovered from a data center problem that halted overnight trading but it was the holiday interrupted week that sent trading volumes sharply lower on Friday. The day started with another flash sale of soybeans to China, evidencing that Beijing is committed to its agreement w...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Farmer selling of grains remains limited across most of Europe as low prices and the looming holidays have producers focused on other things. Too, the logistical difficulties of moving grain around the December holidays are prompting many to wait until the new year to market...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Market Commentary: Low Volume But Solid Intentions

The CME and traders recovered from a data center problem that halted overnight trading but it was the holiday interrupted week that sent trading volumes sharply lower on Friday. The day started with another flash sale of soybeans to China, evidencing that Beijing is committed to its agreement w...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4775/bushel, up $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.385/bushel, down $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.3775/bushel, up $0.0625 from yesterday's close.  Jan 26 Soymeal closed at $318.7/short ton, down $1.7 f...

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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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