World Perspectives
feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Surprise! Soybeans Ignore Chinese Buying

The biggest news today was a report that Chinese state-owned enterprises purchased nearly 2 MMT of soybeans from the U.S. Early reports said 12 cargos (0.5 MMT) were arranged for shipment between January and March, while later reports have pegged the figure as high as 30.  The soybean market reacted in accordance with the adage “buy the rumor, shrug off the fact”, and promptly did nothing after the report surfaced. The market’s attitude seems to be one of “That’s nice, but we need a lot more to get excited”. Late afternoon cash trade, however, has a stronger tone and CIF soybean values are rising.  Outside the soybean market, corn futures were steady/higher on limited news while wheat continue...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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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