World Perspectives
feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  India is reportedly considering importing as much as 9 MMT of wheat from Russia to fill its domestic needs, but WPI sources continue to suggest the actual figure is likely to be 4-5 MMT.  The Ukrainian Grain Association increased its forecast of the country’s grain and oilseed production for 2023 to 76.8 MMT, up 7.8 MMT from its prior estimate. The details of individual crop forecasts are provided below:  Milling Wheat  The dynamics of attacks on infrastructure between Russia and Ukraine continue to drive wheat market’s volatility, though the broad price direction is now lower. A combination of persistent pressure on world wheat values from Russia’s inexpensive supplies and last wee...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Monday’s delayed CFTC report showed managed money traders leaning mostly neutral the major ag markets last week, with activity across the grains and oilseed complex being rather subdued. Funds added just 1,997 contacts (12.8 percent) to their small net short across the ag space last week...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.175/bushel, up $0.08 from yesterday's close.  Sep 25 Wheat closed at $5.4075/bushel, up $0.04 from yesterday's close.  Nov 25 Soybeans closed at $10.2475/bushel, up $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $271.1/short ton, up $0.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Trade Deals, Emerging Dryness Spark CBOT Short Covering

Traders seemed content to take short risk off the table heading into the weekend with USDA’s June Acreage and Grain Stocks reports due out Monday. Funds in particular are comfortable with positions ahead of these reports and saw little reason to push markets further into oversold territor...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Monday’s delayed CFTC report showed managed money traders leaning mostly neutral the major ag markets last week, with activity across the grains and oilseed complex being rather subdued. Funds added just 1,997 contacts (12.8 percent) to their small net short across the ag space last week...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.175/bushel, up $0.08 from yesterday's close.  Sep 25 Wheat closed at $5.4075/bushel, up $0.04 from yesterday's close.  Nov 25 Soybeans closed at $10.2475/bushel, up $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $271.1/short ton, up $0.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Trade Deals, Emerging Dryness Spark CBOT Short Covering

Traders seemed content to take short risk off the table heading into the weekend with USDA’s June Acreage and Grain Stocks reports due out Monday. Funds in particular are comfortable with positions ahead of these reports and saw little reason to push markets further into oversold territor...

WPI Transportation Report

Dry Bulk Markets  Dy bulk markets were mixed this week with the Capesize sector sliding lower as geopolitical uncertainty in the Middle East pushed buyers to the sidelines. The Panamax and Supramax markets saw enough support from Asian demand to sustain last week’s gains. Seasonally,...

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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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