World Perspectives
wheat

Türkiye’s Higher Wheat Flour Exports

Türkiye is the world’s largest exporter of wheat flour, and the International Grains Council says the country will export a record 5.4 MMT in MY 2023/24. That is up 12.5 percent from MY 2022/23. Part of the reason is a bumper domestic wheat crop based largely on higher yield. Rains are always the wildcard in this region's agriculture and this spring, Türkiye received some generous spring rains. The area harvested was up 5.8 percent from a year earlier but is off 2.6 percent from the 10-year average. But the yield is up 6.6 percent for the year and is 10.8 percent above the 10-year average. This enabled a 16.6 percent reduction in wheat imports. At 0.55 percent, Türkiye’s population growth rate is relatively small...

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Summary of Futures

May 26 Corn closed at $4.4875/bushel, up $0.0025 from yesterday's close.  May 26 Wheat closed at $5.9125/bushel, down $0.0725 from yesterday's close.  May 26 Soybeans closed at $11.6725/bushel, up $0.035 from yesterday's close.  May 26 Soymeal closed at $331.8/short ton, down $0...

feed-grains soy-oilseeds wheat

Market Commentary: Rebound for Corn, Beans on Iran News; Wheat Declines

New variables specifically in the agricultural markets were light today, but the Iran war news hit some markets like a tsunami. The war and Iran’s chokehold on global oil supplies have subjugated economies for nearly seven weeks with outsized petrol prices. Everything became distorted aro...

feed-grains soy-oilseeds wheat

Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere

There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4875/bushel, up $0.0025 from yesterday's close.  May 26 Wheat closed at $5.9125/bushel, down $0.0725 from yesterday's close.  May 26 Soybeans closed at $11.6725/bushel, up $0.035 from yesterday's close.  May 26 Soymeal closed at $331.8/short ton, down $0...

feed-grains soy-oilseeds wheat

Market Commentary: Rebound for Corn, Beans on Iran News; Wheat Declines

New variables specifically in the agricultural markets were light today, but the Iran war news hit some markets like a tsunami. The war and Iran’s chokehold on global oil supplies have subjugated economies for nearly seven weeks with outsized petrol prices. Everything became distorted aro...

feed-grains soy-oilseeds wheat

Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere

There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.985/bushel, up $0.0475 from yesterday's close.  May 26 Soybeans closed at $11.6375/bushel, down $0.0325 from yesterday's close.  May 26 Soymeal closed at $332.7/short ton, down $1...

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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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