World Perspectives
feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Germany’s winter wheat area is estimated at 2.8 Mha for 2023/24, down 1.9 percent. Winter barley was seeded across 1.3 Mha this year, a 5.1 percent increase. Ukrainian officials are citing concern for the hardiness of winter crops (most notably wheat) as an unusually warm winter has delayed or prevented the “hardening” of these crops, making them more vulnerable to frost/freeze risk. The warm weather has also increased disease risk and prevalence in some 2-4 percent of winter grains. Ukrainian farmers are looking to expand spring crop planted area in 2023. Total planted area, however, will be down 20 percent from 2021 due to war’s impacts, especially in eastern Ukraine.  Milling Wheat&nbs...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.625/bushel, up $0.03 from yesterday's close.  May 26 Wheat closed at $5.9/bushel, up $0.0225 from yesterday's close.  May 26 Soybeans closed at $11.55/bushel, down $0.085 from yesterday's close.  May 26 Soymeal closed at $322.4/short ton, down $4.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Diminishing Energy Impacts on CBOT Trade

Tuesday’s energy markets took back about half of Monday’s losses as tensions in the Arab Gulf flared again, despite recent announcements of diplomatic talks and a five-day cooling-down period from the U.S. Overnight, Iran and Israel launched new rounds of attacks on each other, and...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt has seen a sharp rise in wheat prices due to increased shipping costs and the 9 percent drop in the value of Egypt’s currency. Wheat prices in Egypt are said to be up by as much as $24/MT. Both ocean freight costs and...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.625/bushel, up $0.03 from yesterday's close.  May 26 Wheat closed at $5.9/bushel, up $0.0225 from yesterday's close.  May 26 Soybeans closed at $11.55/bushel, down $0.085 from yesterday's close.  May 26 Soymeal closed at $322.4/short ton, down $4.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Diminishing Energy Impacts on CBOT Trade

Tuesday’s energy markets took back about half of Monday’s losses as tensions in the Arab Gulf flared again, despite recent announcements of diplomatic talks and a five-day cooling-down period from the U.S. Overnight, Iran and Israel launched new rounds of attacks on each other, and...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt has seen a sharp rise in wheat prices due to increased shipping costs and the 9 percent drop in the value of Egypt’s currency. Wheat prices in Egypt are said to be up by as much as $24/MT. Both ocean freight costs and...

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...

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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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