World Perspectives
soy-oilseeds

Linseed’s Small Story

In today’s Black Sea report, WPI’s analyst points out that Russia and Kazakhstan, and particularly Russia are supplanting Canada as a supplier of linseed. Russia previously produced around a half-million tons a year but is now nearing 2 MMT or half of global production. World production of linseed is just over 3 MMT and is expanding at about 3 percent per year, but trade is flat at around 2 MMT. Considering global oilseed production is around 900 MMT, it is a very minor oilseed and is used mainly for industrial purposes (paints, varnishes), though some envision it as a superfood or its fiber as a feed ingredient.  China may be buying more Russian linseed, but the EU is the major importer, taking nearly half of all traded s...

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On this penultimate day of trading in 2024, there were ups, downs and perhaps some profit-taking. Like the overnight, grains and soybeans opened higher this morning. However, by late morning most contracts dipped lower and then the soy complex, SRW and HRW managed to snag a higher close at the...

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Mar 25 Corn closed at $4.585/bushel, up $0.0625 from yesterday's close. Mar 25 Wheat closed at $5.515/bushel, up $0.0325 from yesterday's close. Mar 25 Soybeans closed at $10.105/bushel, up $0.1875 from yesterday's close. Mar 25 Soymeal closed at $316.9/short ton, up $5.1 from ye...

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Market Commentary: Year-End Maneuvering

On this penultimate day of trading in 2024, there were ups, downs and perhaps some profit-taking. Like the overnight, grains and soybeans opened higher this morning. However, by late morning most contracts dipped lower and then the soy complex, SRW and HRW managed to snag a higher close at the...

feed-grains soy-oilseeds wheat

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Mar 25 Corn closed at $4.5225/bushel, down $0.0175 from yesterday's close. Mar 25 Wheat closed at $5.4825/bushel, up $0.0175 from yesterday's close. Mar 25 Soybeans closed at $9.9175/bushel, up $0.02 from yesterday's close. Mar 25 Soymeal closed at $311.8/short ton, up $1.3 from...

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