World Perspectives
feed-grains soy-oilseeds wheat

China In-Country Analysis

Substitution of Feed Wheat for Corn Continues to Surge on High Corn Prices Fueled by record corn prices and abundant wheat stocks totalling 50 MMT, substitution of feed wheat for corn has expanded dramatically this year, especially in Southern China where corn prices are highest. In Guangdong, feed wheat is currently priced 200 yuan/MT lower than corn. High quality imported feed wheat is reportedly priced 150 yuan/MT lower than corn in Southern China, which has pushed China's wheat imports in 2011/12 to 2.1 MMT (through March), the highest level since 2005. While total feed wheat consumption estimates are difficult to obtain, Bric Agricultural Consultants forecasts the total substitution of feed wheat for corn will be far above last year's...

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Mostly a Low Volume, Higher Close Day

It was the lowest trading volume day of the week for grains and soybeans. It started with soyoil the only major contract trading lower, but by mid-session it had been joined by old crop corn. New crop corn joined all three wheats and soybeans with a higher close. Hogs opened lower but then reve...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.69/bushel, down $0.0325 from yesterday's close.  Jul 25 Wheat closed at $5.43/bushel, up $0.12 from yesterday's close.  Jul 25 Soybeans closed at $10.58/bushel, up $0.0775 from yesterday's close.  Jul 25 Soymeal closed at $296.9/short ton, up $2.6 from ye...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 18-24, 2025. Wheat: Net sales of 72,000 metric tons (MT) for 2024/2025 were down noticeably from the previous week and down 24 percent from the prior 4-week average. Export shipments of 491,700 MT were up 3 percent from the previous week and 9 percent from t...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly a Low Volume, Higher Close Day

It was the lowest trading volume day of the week for grains and soybeans. It started with soyoil the only major contract trading lower, but by mid-session it had been joined by old crop corn. New crop corn joined all three wheats and soybeans with a higher close. Hogs opened lower but then reve...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.69/bushel, down $0.0325 from yesterday's close.  Jul 25 Wheat closed at $5.43/bushel, up $0.12 from yesterday's close.  Jul 25 Soybeans closed at $10.58/bushel, up $0.0775 from yesterday's close.  Jul 25 Soymeal closed at $296.9/short ton, up $2.6 from ye...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 18-24, 2025. Wheat: Net sales of 72,000 metric tons (MT) for 2024/2025 were down noticeably from the previous week and down 24 percent from the prior 4-week average. Export shipments of 491,700 MT were up 3 percent from the previous week and 9 percent from t...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Remains Weak, Corn and Soybeans Hold Their Own

It was modest volume trading grain and oilseeds today. Again, the lack of any new fundamental news has traders keeping their powder dry. USDA’s May WASDE is likely to boost estimates for corn and soybean exports, but that is still nearly two weeks away.   Instead, today’s...

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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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