World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 10–14 July 2023  The Russian grain market was driven purely by a weak RUB which was registered from the beginning of the month. Even though the reference price dropped, the government increased the export duty for wheat probably speculating that prices will grow anyway because Russia has no intention of continuing the BSGI (Black Sea Grain Initiative), at least in the previous format. Russia has been demanding the release of certain sanctions and was furious that Black Sea grain is feeding not only Africa and “poor” countries but also goes to “rich” Europe. Russia calculated each vessel trying to prove that grain should only go to the poorest nations. Of course, this is Russia&rsqu...

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feed-grains soy-oilseeds wheat

Market Commentary: War and Easter Exit Strategy

There were a lot of moving parts on the last trading day of the holiday-shortened week, but liquidation and profit-taking may have been the strongest. A prolonged war and higher energy prices will impact consumption and inflation, while supporting biofuels. Storm systems may reduce some of the...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5225/bushel, down $0.02 from yesterday's close.  May 26 Wheat closed at $5.9825/bushel, up $0.0075 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, down $0.05 from yesterday's close.  May 26 Soymeal closed at $315.2/short ton, down $3 fr...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5425/bushel, down $0.035 from yesterday's close.  May 26 Wheat closed at $5.975/bushel, down $0.1875 from yesterday's close.  May 26 Soybeans closed at $11.685/bushel, down $0.025 from yesterday's close.  May 26 Soymeal closed at $318.2/short ton, up $1.8...

feed-grains soy-oilseeds wheat

Market Commentary: War and Easter Exit Strategy

There were a lot of moving parts on the last trading day of the holiday-shortened week, but liquidation and profit-taking may have been the strongest. A prolonged war and higher energy prices will impact consumption and inflation, while supporting biofuels. Storm systems may reduce some of the...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5225/bushel, down $0.02 from yesterday's close.  May 26 Wheat closed at $5.9825/bushel, up $0.0075 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, down $0.05 from yesterday's close.  May 26 Soymeal closed at $315.2/short ton, down $3 fr...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5425/bushel, down $0.035 from yesterday's close.  May 26 Wheat closed at $5.975/bushel, down $0.1875 from yesterday's close.  May 26 Soybeans closed at $11.685/bushel, down $0.025 from yesterday's close.  May 26 Soymeal closed at $318.2/short ton, up $1.8...

feed-grains soy-oilseeds wheat

Market Commentary: Plenty of Information — No Clear Direction

Key Market Developments Macro: Tension Without Direction Markets are trading the tension between escalation and resolution — and neither side has control. Both equities and commodities tested key technical levels this week before reversing sharply on headlines suggesting — at least...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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