World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 30 January - 3 February 2023    Russian domestic grain markets remained stable. The only commodity which slightly recovered is barley, but this is the exception rather than the rule. It is a record crop in Russia this season. Corn is under pressure from Ukrainian price dumping in the region, however, incredible high freight rates and demurrage in the Black Sea make it quite difficult to figure the right price. In any case, traders are trying to secure their positions and minimize risks thus keeping their bids low knowing that there is sufficient supply of grains in the region.  Since the beginning of the war in Ukraine, some Russian farms (especially those closely linked to Putin) grew in size and obv...

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feed-grains soy-oilseeds wheat

Market Commentary: Pre-Weekend Bounce on a Mixed Week

Outside markets continued their downbeat on Friday but ag futures had a few recoveries from yesterday’s trouncing.  Corn closed lower for the day and the week.  The soy complex closed optimistically for the day but had a mixed week. Winter wheat closed lower on the day and the...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2725/bushel, down $0.015 from yesterday's close.  Dec 25 Wheat closed at $5.2775/bushel, down $0.0775 from yesterday's close.  Jan 26 Soybeans closed at $11.17/bushel, up $0.095 from yesterday's close.  Dec 25 Soymeal closed at $317.1/short ton, up $4.4 f...

feed-grains soy-oilseeds wheat

WPI Crop Balance Sheet Forecasts

Ahead of next week’s USDA’s Crop Production and WASDE reports, WPI offers our latest projections for the corn, soybean, and wheat balance sheets. The key findings from this effort are that corn and soybean supplies are set to expand on upward yield revisions. Too, demand for corn an...

feed-grains soy-oilseeds wheat

Market Commentary: Pre-Weekend Bounce on a Mixed Week

Outside markets continued their downbeat on Friday but ag futures had a few recoveries from yesterday’s trouncing.  Corn closed lower for the day and the week.  The soy complex closed optimistically for the day but had a mixed week. Winter wheat closed lower on the day and the...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2725/bushel, down $0.015 from yesterday's close.  Dec 25 Wheat closed at $5.2775/bushel, down $0.0775 from yesterday's close.  Jan 26 Soybeans closed at $11.17/bushel, up $0.095 from yesterday's close.  Dec 25 Soymeal closed at $317.1/short ton, up $4.4 f...

feed-grains soy-oilseeds wheat

WPI Crop Balance Sheet Forecasts

Ahead of next week’s USDA’s Crop Production and WASDE reports, WPI offers our latest projections for the corn, soybean, and wheat balance sheets. The key findings from this effort are that corn and soybean supplies are set to expand on upward yield revisions. Too, demand for corn an...

WPI Grain Transportation Report

Dry bulk freight markets were quiet this past week and continued the trend that has been present since mid-October. The quiet trade let rates drift lower with disappointment about the slow appearance of Chinese demand weighing on market sentiment. The U.S.-China trade deal was thought to be lik...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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