World Perspectives
feed-grains soy-oilseeds wheat

30 March Planting Intentions

As has been noted, USDA will release its 2018 planting intentions estimates on 30 March at noon (EDT), which will be the first ones for the year that are based on actual producer surveys. Those surveys, usually compiled from over 80,000 farmer responses, were completed during the first two weeks of March. USDA then uses them in conjunction with other historical data to produce the actual report estimates. The table below compares actual 2017 planted acreage with the USDA Outlook Forum numbers released in February and the trade guesses for this week’s report.

The markets will first look at the corn number. The guess range is 87.5-91 million acres, and 88.5 million acres were used in last week’s analysis of the 2018/19 U.S. cor...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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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