World Perspectives
feed-grains soy-oilseeds wheat

Cash-Settled Wheat Futures

As trading of agricultural crop futures contracts evolved in the 19th century at the Chicago Board of Trade (CBOT), there were futures markets for wheat, corn, oats, rye and hay. In the 20th century, trading in the hay and rye markets diminished so much that the CBOT eventually dropped them. However, emergence of soybeans as a major crop prompted the CBOT to create futures contracts for soybeans, soymeal and soyoil, which attracted enough trading volume to become very successful. Grain exchanges in Kansas City and Minneapolis then used those as models when they created futures contracts for the specific classes of wheat commonly produced in their geographic areas. Trading volume for Kansas City and Minneapolis wheat futures contracts was re...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2/bushel, down $0.0475 from yesterday's close. Mar 25 Wheat closed at $5.58/bushel, up $0.0225 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, down $0.0225 from yesterday's close. Jan 25 Soymeal closed at $291.4/short ton, down $4.5 from...

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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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