World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 2 - 6 January 2023    With a historic grain crop and the upcoming Russian Orthodox Christmas holidays, traders seem to have taken a winter break which may last the first two first weeks of January rather than one week because in Russia the old new year is celebrated too. The government is using this time to test the attitude of market operators and to announce several important updates. First, Russia will impose an export quota for grains beginning 15 February until 30 June 2023. This export quota is 25.5 MMT. Also, the rice export ban is extended until 30 June 2023. Sunflower oil export remains duty free. GASC continues buying Russian wheat and returned to tenders. 28 December saw the first tender since J...

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feed-grains soy-oilseeds wheat

Market Commentary: Mostly Bullish Except Corn Where Production Will Fall

USDA issued its major S&D crop forecast for the upcoming crop season at its annual Outlook Conference. Although generally bullish for corn and bearish for soybeans, with a modest shift in plantings from beans to corn, the report had minimal market impact except perhaps in long-dated new cro...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.0125 from yesterday's close.  May 26 Wheat closed at $5.6675/bushel, up $0.1425 from yesterday's close.  Mar 26 Soybeans closed at $11.41/bushel, up $0.075 from yesterday's close.  Mar 26 Soymeal closed at $304.8/short ton, up $0.9 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Markets Navigate Energy Risk and Dollar Strength

Key Market Developments Today’s theme was geopolitics and economics. Tension between the United States and Iran escalated despite reports of an “understanding” reached during Tuesday’s nuclear discussions. Iran temporarily shut parts of the Strait of Hormuz during milita...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly Bullish Except Corn Where Production Will Fall

USDA issued its major S&D crop forecast for the upcoming crop season at its annual Outlook Conference. Although generally bullish for corn and bearish for soybeans, with a modest shift in plantings from beans to corn, the report had minimal market impact except perhaps in long-dated new cro...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.0125 from yesterday's close.  May 26 Wheat closed at $5.6675/bushel, up $0.1425 from yesterday's close.  Mar 26 Soybeans closed at $11.41/bushel, up $0.075 from yesterday's close.  Mar 26 Soymeal closed at $304.8/short ton, up $0.9 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Markets Navigate Energy Risk and Dollar Strength

Key Market Developments Today’s theme was geopolitics and economics. Tension between the United States and Iran escalated despite reports of an “understanding” reached during Tuesday’s nuclear discussions. Iran temporarily shut parts of the Strait of Hormuz during milita...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.27/bushel, up $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.47/bushel, up $0.0925 from yesterday's close.  Mar 26 Soybeans closed at $11.335/bushel, down $0.005 from yesterday's close.  Mar 26 Soymeal closed at $303.9/short ton, down $1.9 fro...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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