World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 18–22 December 2023 As of mid-December, the Russian Statistics Agency reports 142.6 MMT of grains harvested in standard weight excluding occupied territories in Donetsk, Luhansk, Zaporizhzhia, and Kherson. The wheat crop alone accounted for 92.8 MMT which is the second-best crop in Russia’s history. Corn production is forecast at 14.4 MMT, however, chances are it could be as large as 17 MMT. That would make a total grain crop in Russia of 145 MMT. The estimated grain crop in occupied territories (please see above) is 4.8 MMT, which means that this grain crop will continue putting pressure on the market, especially if exports are delayed. The only other factors which may help prices grow are a weaker RUB...

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feed-grains soy-oilseeds wheat

Export Sales Bouy Grains; Argy Weather, Slow Exports Sink Soybeans

Grain markets were quiet in Friday’s overnight trade despite the bullish technical days they scored on Thursday. The Export Sales report – as one of the few fundamental updates available for the day – was influential in determining the grain markets’ direction for the day. That meant support fo...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.465/bushel, up $0.055 from yesterday's close. Mar 25 Soybeans closed at $9.8975/bushel, down $0.075 from yesterday's close. Mar 25 Soymeal closed at $310.5/short ton, down $4.4 from y...

feed-grains soy-oilseeds wheat

Argentine Weather Emboldens CBOT Bulls

The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and so...

feed-grains soy-oilseeds wheat

Export Sales Bouy Grains; Argy Weather, Slow Exports Sink Soybeans

Grain markets were quiet in Friday’s overnight trade despite the bullish technical days they scored on Thursday. The Export Sales report – as one of the few fundamental updates available for the day – was influential in determining the grain markets’ direction for the day. That meant support fo...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.465/bushel, up $0.055 from yesterday's close. Mar 25 Soybeans closed at $9.8975/bushel, down $0.075 from yesterday's close. Mar 25 Soymeal closed at $310.5/short ton, down $4.4 from y...

feed-grains soy-oilseeds wheat

Argentine Weather Emboldens CBOT Bulls

The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and so...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5375/bushel, up $0.0525 from yesterday's close. Mar 25 Wheat closed at $5.41/bushel, up $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.9725/bushel, up $0.16 from yesterday's close. Mar 25 Soymeal closed at $314.9/short ton, up $13.3 from yes...

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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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