World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Higher Wheat and Oilshare

GOOD MORNING, Prices are higher as more reports of a devastated wheat crop in North Dakota roll in.  Extreme heat in the Northern Plains and in the Midwest will cause serious damage to crops already stressed.  The tour estimated yields at a woefully low 24.6 bps on the second day of the 3-day Wheat Quality Council tour, vs. 40.8 bpa in 2019, and vs. the 5-year average of 42.4 bps.  The drought extends into South Dakota, Montana, and portions of Canada.  Matif wheat futures traded to a 2-month high.   The other feature of the morning continues to be that of higher oilshare.  There are more reports circulating now about African Swine Fever confirmed in Dominican Republic pigs, which is the first sign of th...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s barley imports in 2025/26 are forecasted to reach 1.7 MMT, up from only 150,000 MT in 2024/25. The increase is due to the expected 13 percent drought-related drop in barley production this year. Turkey’s impor...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Macroeconomic markets remain especially uncertain and chaotic, and exchange-rate volatility is having a direct impact on grain trade. Pricing has been somewhat inconsistent this week amid the currency moves, as exporters and buyers alike try to navigate the volatility. Over...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2825/bushel, down $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.225/bushel, down $0.07 from yesterday's close.  Mar 26 Soybeans closed at $10.6175/bushel, down $0.06 from yesterday's close.  Mar 26 Soymeal closed at $294.3/short ton, down $5...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s barley imports in 2025/26 are forecasted to reach 1.7 MMT, up from only 150,000 MT in 2024/25. The increase is due to the expected 13 percent drought-related drop in barley production this year. Turkey’s impor...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Macroeconomic markets remain especially uncertain and chaotic, and exchange-rate volatility is having a direct impact on grain trade. Pricing has been somewhat inconsistent this week amid the currency moves, as exporters and buyers alike try to navigate the volatility. Over...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2825/bushel, down $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.225/bushel, down $0.07 from yesterday's close.  Mar 26 Soybeans closed at $10.6175/bushel, down $0.06 from yesterday's close.  Mar 26 Soymeal closed at $294.3/short ton, down $5...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Give Back Gains on Technical Weakness; Hogs Hit New Highs

Trade in ag commodity futures saw two diverging trends to start the week. Weakness quickly developed in grains and oilseeds amid profit taking, weak technicals, and Export Inspections data that were about as exciting as the last half of the Broncos–Patriots game. Conversely, cattle future...

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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.

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