World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Jumps Higher on Massive Egypt Imports; Soymeal Falls on EUDR News

Wheat remains the darling of the CBOT with more bullish news pouring into the complex. Today’s rally was sparked by reports that Egypt has booked over 3 MMT of wheat from the Black Sea (presumably Russia) to be exported over the next six months. That move comes as Russian wheat stocks are tightening and the planting outlook for key Northern Hemisphere producers (Russia, Ukraine, Europe, and the U.S.) remains threatened by La Nina-induced weather issues. While wheat futures rallied and pulled corn higher too, the soy complex saw more bearish news as the EU’s deforestation regulation looks to have been postponed a year, which will undermine spot soymeal and soybean demand. Soymeal and soybeans sank on the news while soyoil found s...

Related Articles
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  Argentina’s wheat planting is entering its final stage after a weekly advance of 12.7 percentage points at the national level, now covering 91 percent of the projected 6.7 million hectares. Regional progress of about 20 points was seen in areas previously delayed by surface wa...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  President Trump announced 30 percent tariffs on imports from the EU effective 1 August even as the EU and U.S. trade negotiations continue.  Western Europe saw heavy and mostly beneficial precipitation last week, but a dry trend is now emerging for the region. Last week...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money surprisingly shifting into a more bullish stance across the ag space, though still retaining a small net short. Funds cut 11,700 contacts (14.5 percent) off their small net short across all ag futures last week and now hold relatively neutral posi...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  Argentina’s wheat planting is entering its final stage after a weekly advance of 12.7 percentage points at the national level, now covering 91 percent of the projected 6.7 million hectares. Regional progress of about 20 points was seen in areas previously delayed by surface wa...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  President Trump announced 30 percent tariffs on imports from the EU effective 1 August even as the EU and U.S. trade negotiations continue.  Western Europe saw heavy and mostly beneficial precipitation last week, but a dry trend is now emerging for the region. Last week...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money surprisingly shifting into a more bullish stance across the ag space, though still retaining a small net short. Funds cut 11,700 contacts (14.5 percent) off their small net short across all ag futures last week and now hold relatively neutral posi...

feed-grains soy-oilseeds wheat

Market Commentary: Bears Resist WASDE Curveballs

U.S. crop growing weather looks near perfect. Even dry parts of Nebraska and northern Illinois have just received good relief rains. The rest of July is cooler and damp, perfect for pollination. The share of the corn crop rated Good/Excellent is 74 percent, and its 66 percent for soybeans. ...

Image
From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up