World Perspectives
feed-grains soy-oilseeds wheat

USDA Reports Not Bullish or Bearish

The February WASDE report generally is not a market-maker, and today was no exception. The trade again was braced for a bearish report, especially in corn and wheat, in anticipation of USDA increasing corn and wheat ending supplies. The increase in corn ending supplies was not as large as expected and wheat ending supplies actually declined. The U.S. soybean sending supply number also declined. The tables below show a comparison of the today's numbers against pre-report expectations and the January numbers.Corn: The market was prepared to see both the ethanol and the export estimates dropped today. They were half right with ethanol staying unchanged and the export forecast reduced by 50 million bushels. USDA did increase the feed use cate...

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Market Commentary: Energies Collapse on Ceasefire News but Grains Reclaim Early Losses

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Regional News  Egypt is increasingly finding itself caught between Russia and Ukraine, in a battle for supplying its domestic wheat markets. Egypt, the world’s largest wheat importer, is facing political pressure and wooing from both Russian President Putin and Ukrainian President Ze...

feed-grains soy-oilseeds wheat

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Black Sea Regional Analysis

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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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