World Perspectives
feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain and Oilseed Markets: 25-29 April 2022 The Russian Ministry of Agriculture estimates the 2022 grain crop at 123 MMT mostly due to an additional 1 Mha of planted area. Winter crops, which are planted over 19 Mha), are reportedly in good and satisfactory condition. Oilseeds are forecast at 22.6 MMT, sugar beets at 41.5 MMT, and potatoes at 6.8 MMT. Spring crops have been completed over 200,000 ha and around 3 Mha of winter crops have been fertilized. Overall, planted area for 2022 is estimated at 81.3 Mha. In 2021, the grain crop in Russia was 121.4 MMT of which 75.9 MMT was wheat. However, not everyone in Russia agrees with the Minister. For example, Grain Exporters Union Governor Edward Zernin is optimistic and believes that...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.595/bushel, down $0.06 from yesterday's close.  May 26 Wheat closed at $5.8775/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, up $0.0225 from yesterday's close.  May 26 Soymeal closed at $326.6/short ton, down $1.4...

feed-grains soy-oilseeds wheat

Market Commentary: Oil and Iran Conflict Still in Drivers’ Seat, but This Time Creating Pressure

Volatility has been no stranger to the CBOT these past three weeks, and the one consistency during this time has been the dramatic coupling of ag markets’ fortunes to the foibles of crude oil. That was again true on Monday, but this time crude oil offered a bearish – rather than sup...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

CORN Argentina’s corn harvest continues to move forward and has now reached 13 percent of planted area, with fieldwork still concentrated in the North Core. Progress there remains steady, and yields are averaging 9.82 MT/ha. Harvest is also beginning to pick up in the South Core, where ea...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.595/bushel, down $0.06 from yesterday's close.  May 26 Wheat closed at $5.8775/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, up $0.0225 from yesterday's close.  May 26 Soymeal closed at $326.6/short ton, down $1.4...

feed-grains soy-oilseeds wheat

Market Commentary: Oil and Iran Conflict Still in Drivers’ Seat, but This Time Creating Pressure

Volatility has been no stranger to the CBOT these past three weeks, and the one consistency during this time has been the dramatic coupling of ag markets’ fortunes to the foibles of crude oil. That was again true on Monday, but this time crude oil offered a bearish – rather than sup...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

CORN Argentina’s corn harvest continues to move forward and has now reached 13 percent of planted area, with fieldwork still concentrated in the North Core. Progress there remains steady, and yields are averaging 9.82 MT/ha. Harvest is also beginning to pick up in the South Core, where ea...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds further expanding long positions across the major ag futures contracts for the ninth straight week. Funds added 32,000 contracts (3.8 percent) to their all-ags net long position – a much smaller effort than the prior week’s 244,000-contract bu...

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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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