World Perspectives
feed-grains soy-oilseeds wheat

Debates Over Yields

The August WASDE was filled with surprises compared with general expectations ahead of its release, and almost all either directly or indirectly concerned USDA’s yield estimates. Headlining the surprises, at least in the market’s eyes, were the estimated record-high U.S. corn yield of 178.4 bushels/acre (BPA) and the near-record U.S. soybean yield of 51.6 BPA. Both estimates are roughly 2 BPA higher than the average pre-report trade consensus and were based on the first crop surveys of the season. That 2 BPA gap is also significant, evidenced by the sharply bearish reaction of futures market prices last Friday. Perhaps USDA’s big corn and soybean yield estimates should not have been quite so unexpected in hindsight. The w...

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

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feed-grains soy-oilseeds wheat

European Market Analysis

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders became slightly more bearish the major ag markets, last week with steady net selling across the grains and oilseed complex. Funds expanded their net short position across all ags by roughly 4.7 times last week and now hold a meaningful pos...

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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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