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feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Pakistan’s wheat imports for 2023/24 will be lower according to a recent FAO report. 2023/24 wheat imports are seen as 1.8 MMT, which is below import levels of the last two years, although the five -year average for wheat imports is at 1.6 MMT. Pakistan’s food inflation rate stands at 28.7 percent while its currency has dropped by 30 percent against the dollar.  Egypt’s wheat imports for 2023/24 will be up by about 800,000 MT to 120 MMT, according to the latest USDA-FAS report. Local production is expected to drop by about 700,000 MT to 8.9 MMT. Overall, the total consumption of wheat will be steady at 20.6 MMT. Corn imports for 2023/...

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feed-grains soy-oilseeds wheat

Market Commentary: New Highs and Lows, Mixed Volume and Results

December corn closed higher for a second session in a row, no doubt aided by the daily export sales reported by USDA. By contrast and since its recent high back on 18 July, both the September and November soybean contracts have closed lower each session but one.   There was higher vol...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1375/bushel, up $0.015 from yesterday's close.  Sep 25 Wheat closed at $5.2325/bushel, down $0.005 from yesterday's close.  Nov 25 Soybeans closed at $9.8925/bushel, down $0.065 from yesterday's close.  Dec 25 Soymeal closed at $276/short ton, up $1.5 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Export Demand Steadies Corn; Soybeans Fall with Midwest Rain

The CBOT showed mixed trends across its major ag markets on Wednesday with corn and KC wheat finding some short covering that stabilized values and led to small gains. A big part of the stability that came to corn futures was from a flood of export interest that has recently entered the market...

feed-grains soy-oilseeds wheat

Market Commentary: New Highs and Lows, Mixed Volume and Results

December corn closed higher for a second session in a row, no doubt aided by the daily export sales reported by USDA. By contrast and since its recent high back on 18 July, both the September and November soybean contracts have closed lower each session but one.   There was higher vol...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1375/bushel, up $0.015 from yesterday's close.  Sep 25 Wheat closed at $5.2325/bushel, down $0.005 from yesterday's close.  Nov 25 Soybeans closed at $9.8925/bushel, down $0.065 from yesterday's close.  Dec 25 Soymeal closed at $276/short ton, up $1.5 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Export Demand Steadies Corn; Soybeans Fall with Midwest Rain

The CBOT showed mixed trends across its major ag markets on Wednesday with corn and KC wheat finding some short covering that stabilized values and led to small gains. A big part of the stability that came to corn futures was from a flood of export interest that has recently entered the market...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1225/bushel, up $0.0125 from yesterday's close.  Sep 25 Wheat closed at $5.2375/bushel, down $0.06 from yesterday's close.  Nov 25 Soybeans closed at $9.9575/bushel, down $0.1375 from yesterday's close.  Dec 25 Soymeal closed at $274.5/short ton, down $2...

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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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