World Perspectives
wheat

WASDE Wheat

USDA’s projection for U.S wheat in the current 2023/24 season is total U.S. wheat production of 1,665 million bushels.  This is a production level that is similar to the prior 2022/23 season's production of 1,650 and similar to the 2021/22 level of 1,646 million bushels. U.S. ending stocks of total wheat in the 2023/24 season are forcast to be 562 million busels, similar to the 2022/23 ending stocks total of 598 million bushels. The average farm price per bushel is projected to decline from $8.85 in 2022/23 to $7.70 per bushel in 2023/34. The decline in the seasonal average price of U.S. wheat from 2022/23 to 2023/24 is partly because of the modest increase in global ending stocks from 267 to 271 million metric tons.  ...

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Market Commentary: Bearish Beat Goes On

The CBOT was essentially all red on Wednesday with traders finding little support from either the fundamental or technical components of commodity price analysis. Wheat was the downside leader for the day as a strong dollar, improving conditions in the Plains, and increasingly tepid exports fro...

EU Studies Trading Houses

As part of its witch hunt for unfair market practices, the EU Parliament’s AGRI Committee requested a study of the major agricultural commodity trading companies and their impacts.  The study may inform populists in the U.S. that also see consolidated industries as inherently harmful, but...

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While oilseeds receive much of the attention, tree nuts, which are technically a seed and containing oil, have gone even more gangbusters for U.S. producers in recent years. Almonds have received much of the focus as the U.S. produces nearly 80 percent of the crop and a comparable share of the...

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Market Commentary: Bearish Beat Goes On

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EU Studies Trading Houses

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USA Gone Nuts

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.265/bushel, down $0.02 from yesterday's close. Dec 24 Wheat closed at $5.41/bushel, down $0.1125 from yesterday's close. Jan 25 Soybeans closed at $10.0775/bushel, down $0.0275 from yesterday's close. Dec 24 Soymeal closed at $291.6/short ton, down $1.3 f...

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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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