World Perspectives
soy-oilseeds

WASDE Soybeans

Soybeans: USDA reduced their July estimate for 2023/24 U.S. ending stocks to 300 million bushels, 50 million lower than last month.  The U.S. season-average soybean price for 2023/24 is forecast at $12.40 per bushel, up $0.30 from last month. The soybean meal price is projected at $375.00 per short ton, up $10.00. The soybean oil price forecast of 60.0 cents per pound is up 2 cents.  Global soybean ending stocks are reduced 2.4 million tons to 121 million - mainly on lower U.S. stocks.  ...

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feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News

The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...

livestock

Turkey is a Turkey

And we don’t mean Türkiye. Turkey can mean unsuccessful and the production and trade in the domesticated large bird called the turkey leaves much to be desired. It originated in North America and that is where it has mostly stayed. The U.S. produces about half the world’s turkey meat. U.S. and...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...

feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Falls on Brazilian Weather; Wheat Rises on Ukraine News

The Thanksgiving holiday isn’t until next week, but the CBOT is starting to feel like traders are taking their vacation time a little early. Trading volumes were muted on Wednesday and other than the KC wheat market and soyoil futures, none of the major ag markets made major technical moves. Ma...

livestock

Turkey is a Turkey

And we don’t mean Türkiye. Turkey can mean unsuccessful and the production and trade in the domesticated large bird called the turkey leaves much to be desired. It originated in North America and that is where it has mostly stayed. The U.S. produces about half the world’s turkey meat. U.S. and...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.3025/bushel, up $0.03 from yesterday's close. Dec 24 Wheat closed at $5.525/bushel, up $0.0275 from yesterday's close. Jan 25 Soybeans closed at $9.905/bushel, down $0.08 from yesterday's close. Dec 24 Soymeal closed at $289.4/short ton, up $0.8 from yest...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 11 – 15 November 2024Russian Union of Grain producers and exporters announced that winter wheat area for 2025/26 may drop to 15.4 Mha which will be the smallest planted winter crops area since 2018/19. Particularly, wheat area may drop by 0.9 Mha to 16.3 Mha, and after wi...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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