World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 4–8 March 2024 Russian grain markets remained bearish against global trends and recent tenders which traded wheat, Russia’s number one exportable commodity, at relatively low levels. The government realized that some tenders were lost to Romania, and even Ukraine, and is aware that prices need to be lower FOB Black Sea Russia to win more tenders. To do that, one of the main factors is export duties. For two weeks in a row the export duty for wheat has been going down and so were milling wheat prices, especially during the past week. The domestic market is watching closely and is starting to compete with the export market for commodities which can be processed locally (corn for example). From the beginnin...

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feed-grains soy-oilseeds wheat

Greenland Tweets Sink Macroeconomic Markets, CBOT and Ags Follow

The CBOT started off in risk-off mode Tuesday as rising U.S./EU tensions and odd dynamics in global macroeconomic markets (the rally in Japanese bond yields, in particular) unnerved investors.  The biggest driver of the risk-off trade was President Trump’s continued – and appar...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq is reported to be facing the “driest year in modern history” due to drought and greatly reduced water flow in the Tigris and Euphrates rivers through Turkey. Forecasters say the 2025/26 wheat crop could be down by...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2375/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.1025/bushel, down $0.0775 from yesterday's close.  Mar 26 Soybeans closed at $10.53/bushel, down $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, up $1.6...

feed-grains soy-oilseeds wheat

Greenland Tweets Sink Macroeconomic Markets, CBOT and Ags Follow

The CBOT started off in risk-off mode Tuesday as rising U.S./EU tensions and odd dynamics in global macroeconomic markets (the rally in Japanese bond yields, in particular) unnerved investors.  The biggest driver of the risk-off trade was President Trump’s continued – and appar...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq is reported to be facing the “driest year in modern history” due to drought and greatly reduced water flow in the Tigris and Euphrates rivers through Turkey. Forecasters say the 2025/26 wheat crop could be down by...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2375/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.1025/bushel, down $0.0775 from yesterday's close.  Mar 26 Soybeans closed at $10.53/bushel, down $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, up $1.6...

Greenland: More Tariffs on 1 February

Greenland is heating up in the latest news, and not due to global warming, but rather rising security concerns. President Trump said of Greenland, the semi-autonomous territory of Denmark, that the North Atlantic Treaty Organization (NATO) has been telling Denmark for 20 years that “you h...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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