World Perspectives
feed-grains wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Turkey reportedly rejected a shipment of 57,000 MT of Indian durum wheat after failing to meet phytosanitary requirements. The wheat is being returned to India. Indian exporters and buyers of Indian wheat are now more concerned about the quality of wheat shipments. Bangladesh is the largest importer of Indian wheat and has reported no quality problems. Algeria’s Ag ministry forecasts that wheat production will reach 3.2 MMT this year up from last year’s drought affected total of 2 MMT. The ministry adds that wheat reserves will cover consumption for up to 10 months. Yemen needs wheat supplies of about 4 MMT this year and has reserves of about t...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.07/bushel, down $0.0375 from yesterday's close.  Sep 25 Wheat closed at $5.1675/bushel, up $0 from yesterday's close.  Nov 25 Soybeans closed at $9.945/bushel, up $0.0525 from yesterday's close.  Dec 25 Soymeal closed at $285/short ton, up $4.5 from yeste...

feed-grains soy-oilseeds wheat

Market Commentary: Steady Eddie Back to Work

It was a contrast of a mostly higher day but with new contract lows for corn and all three wheats. Corn wilted from private forecasts of big yields, and expectations of good crop conditions in contrast with slowed export inspections.  It was mostly steady on the first day of a new week wit...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Weather Disrupts Argentine Corn Harvest  Heavy rains have compounded weeks of high humidity in Buenos Aires province, marking July as the wettest in the core region in 40 years. While the improved soil moisture will be beneficial for corn planting that’s set to begin in about a month...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.07/bushel, down $0.0375 from yesterday's close.  Sep 25 Wheat closed at $5.1675/bushel, up $0 from yesterday's close.  Nov 25 Soybeans closed at $9.945/bushel, up $0.0525 from yesterday's close.  Dec 25 Soymeal closed at $285/short ton, up $4.5 from yeste...

feed-grains soy-oilseeds wheat

Market Commentary: Steady Eddie Back to Work

It was a contrast of a mostly higher day but with new contract lows for corn and all three wheats. Corn wilted from private forecasts of big yields, and expectations of good crop conditions in contrast with slowed export inspections.  It was mostly steady on the first day of a new week wit...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Weather Disrupts Argentine Corn Harvest  Heavy rains have compounded weeks of high humidity in Buenos Aires province, marking July as the wettest in the core region in 40 years. While the improved soil moisture will be beneficial for corn planting that’s set to begin in about a month...

feed-grains soy-oilseeds wheat

Market Commentary: Continued Edging Lower on Big Supplies

It was a mixed and quiet close to the market after a week of mostly price declines. There were new contract lows scored by front month SRW and HRS. Soybean traders didn’t know where to take their positions and so they left the September and November contracts both unchanged. Outside marke...

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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.

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