World Perspectives
feed-grains soy-oilseeds wheat

Ukraine's Limited Choices

Much like U.S. farmers, Ukrainian producers prefer to plant the most profitable crops. This is especially true when considering Ukraine’s farmers are reportedly losing $50/MT on corn. The preference is to grow soybeans, and output of the oilseed increased nearly 27 percent in 2023. However, they reportedly lack the money and technology for a large shift away from corn and into soybeans.  The easier transition may be into more sunflower seed since they likely already own the seeds and the technology. Although wheat production increased nearly 9 percent last year and remains below pre-war levels, the crop puts Ukraine in direct competition with Russia, and Moscow will ensure that it is a decidedly unprofitable crop for Ukraine to...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close.  May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Energies, Acreage Worries Support Soybeans; Wheat Drifts Lower

CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region The Muslim month of Ramadan is expected to end around 19 March with the beginning of the Eid-al-Fitr holiday — the Eid holiday lasts up to five days depending on the country. Businesses, banks, and government offices will be...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close.  May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Energies, Acreage Worries Support Soybeans; Wheat Drifts Lower

CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region The Muslim month of Ramadan is expected to end around 19 March with the beginning of the Eid-al-Fitr holiday — the Eid holiday lasts up to five days depending on the country. Businesses, banks, and government offices will be...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

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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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