World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 23 -27 January 2023    Russian domestic grain markets remained stable and slightly bearish. The feature of the week was feed barley equaling feed wheat in price. Corn slightly depreciated under pressure from Ukraine which has been exporting massive amounts of the commodity from the Black Sea on a duty-free basis versus Russia having an export duty which keeps growing. The record crop allows traders to basically dictate the prices as offers are abundant and there is always willingness to negotiate from the farmer’s side. Export dynamics are slower than anticipated which may play against the Russian farmer as cashflow is important and will be even more so for the spring planting campaign. However, inex...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

As quickly as it began, the U.S.-Iran war-fueled rally in commodity markets looks to be ending. Over the weekend and through Monday, several reports came in that highlighted political efforts to resume vessel traffic through the Strait of Hormuz. Perhaps most important was news that President T...

Administration Takes Aim at Fertilizer Prices

The war in Iran is impacting not only crude oil prices but also fertilizer prices. It is a supply issue, and thus the Treasury Department has announced new waivers for Venezuela to provide price relief and reduce the threat of shortages. It is not clear, however, whether this will be enough to...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

As quickly as it began, the U.S.-Iran war-fueled rally in commodity markets looks to be ending. Over the weekend and through Monday, several reports came in that highlighted political efforts to resume vessel traffic through the Strait of Hormuz. Perhaps most important was news that President T...

Administration Takes Aim at Fertilizer Prices

The war in Iran is impacting not only crude oil prices but also fertilizer prices. It is a supply issue, and thus the Treasury Department has announced new waivers for Venezuela to provide price relief and reduce the threat of shortages. It is not clear, however, whether this will be enough to...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn After a week-on-week advance of 3.6 percentage points, the corn harvest reached 7.2 percent of the national area, with fieldwork concentrated mainly in Núcleo Norte and the east-central area of Entre Ríos, where yields are averaging 9.57 MT/ha and 6.52 MT/ha, respectively. Ea...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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