World Perspectives
feed-grains wheat

Another Side of the Wheat Market

U.S. wheat futures have rallied and exceeded their most recent highs set in June 2017. Chicago December wheat is back pushing against the $6.00 level today as the long-term chart shows below: The ongoing late season drought in the EU carved a much bigger hole in EU crop production than anyone was willing to forecast just 30 days ago. It’s possible the USDA will cut their EU wheat production estimate 15 to 20 MMT from their July estimate. That might be an unprecedented cut after only a 30-day mid-summer window . Most of the EU’s wheat production is winter wheat, not spring wheat. There will also likely be further cuts in wheat production in the U.S., Canada and the Black Sea region this Friday. The world wheat situation is get...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.335/bushel, down $0.09 from yesterday's close.  Jul 25 Wheat closed at $5.42/bushel, down $0.1275 from yesterday's close.  Jul 25 Soybeans closed at $10.56/bushel, down $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $295.5/short ton, down $0.2...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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