World Perspectives
energy

Energy Outlook

The U.S. Energy Information Administration (EIA) released its short-term energy outlook (STEO) earlier this month, with outlooks for crude oil, natural gas, and propane. The price outlook is for lower crude prices, higher for natural gas, and flat for propane in the Midwest, and slightly lower in the south, benefiting poultry producers.Crude oil production is forecast to reach 13.2 million barrels per day (MMB/D) in 2024. August crude oil production was 13.4 MMB/D, setting a new record, and surpassing the previous record of 13.3 MMB/D in December 2023. Through the first eight months of this year, monthly production has dropped below 13 MMB/D only once – in January after the record production of December 2023. The average production in...

Related Articles
feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

Phase II Deal; EU Strategy; Mimicking EU

Phase II Deal U.S. Treasury Secretary Scott Bessent suggested that a phase-one deal may be a model for trade talks with China. It may be the only model that would help U.S. farmers. Brazil still has a price edge on soybeans, and even a 10 percent tariff is enough to price out U.S. commodities...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Reverses Course; Soyoil Rallies on Possible Tax Extension

The CBOT was mixed trade Tuesday following the May WASDE and USDA’s first complete look at the U.S. and world 2025/26 balance sheets. With the WASDE’s numbers now incorporated into futures prices the trade began looking for “what’s next”, which for corn meant a bea...

Phase II Deal; EU Strategy; Mimicking EU

Phase II Deal U.S. Treasury Secretary Scott Bessent suggested that a phase-one deal may be a model for trade talks with China. It may be the only model that would help U.S. farmers. Brazil still has a price edge on soybeans, and even a 10 percent tariff is enough to price out U.S. commodities...

wheat

Bearish Wheat Report, Bullish Foundation

USDA’s May WASDE report was perhaps surprisingly bearish wheat. Futures hit yet more new record lows again today. For the U.S., USDA found higher yields running into lower demand. Globally, the agency sees increasing production even in countries like Russia and China where conditions have...

Image
From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up