World Perspectives
feed-grains

WASDE Corn

USDA’s April forecast for 2022/23 U.S. corn outlook is for reductions to imports and food, seed, and industrial (FSI) use, with unchanged ending stocks.  Corn imports are lowered 10 million bushels based on observed trade to date.  Feed and residual use is unchanged at 5.275 billion based on indicated disappearance during the December-February quarter.  FSI is lowered 10 million bushels reflecting cuts to corn used for glucose and dextrose and starch.  With supply and use falling by the same amount, ending stocks are unchanged at 1.342 billion bushels.  The season-average farm price is unchanged at $6.60 per bushel. Foreign corn production is forecast down as cuts for Argentina, the EU, Serbia, and Uruguay ar...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5775/bushel, up $0.02 from yesterday's close.  May 26 Wheat closed at $6.1625/bushel, up $0.0925 from yesterday's close.  May 26 Soybeans closed at $11.71/bushel, up $0.1125 from yesterday's close.  May 26 Soymeal closed at $316.4/short ton, up $1.5 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq’s 2026 wheat imports are seen increasing by about 8.3 percent to 2.4 million MT, according to the FAO, as a result of the 16 percent lower 2025 wheat crop — down to 4.4 MMT in 2025 from 5.2 MMT in 2024. Planting f...

feed-grains soy-oilseeds wheat

March Grain Stocks Summary

The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5775/bushel, up $0.02 from yesterday's close.  May 26 Wheat closed at $6.1625/bushel, up $0.0925 from yesterday's close.  May 26 Soybeans closed at $11.71/bushel, up $0.1125 from yesterday's close.  May 26 Soymeal closed at $316.4/short ton, up $1.5 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq’s 2026 wheat imports are seen increasing by about 8.3 percent to 2.4 million MT, according to the FAO, as a result of the 16 percent lower 2025 wheat crop — down to 4.4 MMT in 2025 from 5.2 MMT in 2024. Planting f...

feed-grains soy-oilseeds wheat

March Grain Stocks Summary

The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

livestock

Livestock Industry Margins

Beef packer margins eased slightly to $119/head, declining $7/head week over week as a modest softening in the cutout combined with a small increase in live cattle prices compressed margins. Despite the weekly pullback, margins remain sharply improved on a monthly basis (+$233/head), supported...

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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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