World Perspectives
wheat softs

Tangential Rice Market Impacts

Given current tight global rice stocks and high prices (see graph below), the question is how much wheat will be substituted for food or feed use. Rice prices have dropped since their peak early this year, but wheat is still 35 percent cheaper by weight than rice as a food grain. It is one reason why the uptake of wheat in East Asia has been growing at twice the rate of rice consumption. Technically, wheat imports are up 7 percent this year in South America but are down 8 percent into East Asia. Any increase in wheat for feed due to higher rice prices is likely limited. This is because rice is precious as a food crop and the amount used in the feed ration is limited. One study suggests that on average, 6 – 10 percent of global rice o...

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Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONTurkey has revised its wheat import rules for flour millers – millers can now import up to 25 percent of their wheat supply, up from 15 percent. The remaining 75 percent must be purchased from TMO, the government’s grain company. The cha...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Firm, Soybeans Pull Back Heading into Holidays

The CBOT was mostly higher to start the holiday-shortened trading week with wheat leading the way on short-covering and despite the surging U.S. dollar. Corn followed the wheat market higher with its own support from the strong export program as USDA reported more “flash” export sales Monday. S...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.4775/bushel, up $0.015 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.075 from yesterday's close. Jan 25 Soybeans closed at $9.695/bushel, down $0.05 from yesterday's close. Mar 25 Soymeal closed at $298/short ton, down $4.2 from yest...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGIONTurkey has revised its wheat import rules for flour millers – millers can now import up to 25 percent of their wheat supply, up from 15 percent. The remaining 75 percent must be purchased from TMO, the government’s grain company. The cha...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Firm, Soybeans Pull Back Heading into Holidays

The CBOT was mostly higher to start the holiday-shortened trading week with wheat leading the way on short-covering and despite the surging U.S. dollar. Corn followed the wheat market higher with its own support from the strong export program as USDA reported more “flash” export sales Monday. S...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.4775/bushel, up $0.015 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.075 from yesterday's close. Jan 25 Soybeans closed at $9.695/bushel, down $0.05 from yesterday's close. Mar 25 Soymeal closed at $298/short ton, down $4.2 from yest...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

WheatOver the past seven days, the lack of rain allowed a 12.2-percentage-point increase in Argentina’s wheat harvest progress, which reached 76.1 percent of the area. Harvesting activities have focused on central and western Buenos Aires Province. Meanwhile, wheat commercialization and truck a...

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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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