World Perspectives
wheat

WASDE Wheat

USDA reduced the 2023/24 season-average U.S. farm price of wheat by $0.10 lower to $7.20 per bushel. The global wheat outlook for 2023/24 is for larger ending stocks compared with last month. Global supplies are raised 3.6 million tons to 1,056.5 million. Increased stocks for Russia, Ukraine, and Saudi Arabia more than offset a decrease for China. Global ending stocks for 2023/24 are raised 1.8 million tons to 260.0 million primarily on increases for the EU and Ukraine...

Related Articles
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...

Lots To Do for Congress When They Return to Washington

Congress is in recess this week ahead of the Easter and Passover holidays, with much yet to do, including ending a partial shutdown and considering the “skinny” farm bill. Congress is scheduled to return on 13 April, though that may change, especially if the Homeland Security fundin...

China Market Analysis

SPS Barriers India’s rice exports to China have been accelerating, but Beijing recently rejected three shipments of non-Basmati rice, citing genetically modified content. The technical rejection is notable because China’s Certification and Inspection Group had already pre-cleared th...

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...

Lots To Do for Congress When They Return to Washington

Congress is in recess this week ahead of the Easter and Passover holidays, with much yet to do, including ending a partial shutdown and considering the “skinny” farm bill. Congress is scheduled to return on 13 April, though that may change, especially if the Homeland Security fundin...

China Market Analysis

SPS Barriers India’s rice exports to China have been accelerating, but Beijing recently rejected three shipments of non-Basmati rice, citing genetically modified content. The technical rejection is notable because China’s Certification and Inspection Group had already pre-cleared th...

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...

Image
From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up