World Perspectives
feed-grains soy-oilseeds wheat

Equilibrium

The 12 October USDA reports might have created a state of equilibrium in wheat, corn and soybean markets for the following reasons:

Any significant changes to the U.S. corn and soybean yield and production estimates are unlikely going forward. USDA also made acreage adjustments to both crops in these reports. In short, it is what it is. The market has had a bearish lean for so long that these reports might have (finally) alleviated much of the pressure by deciding most, if not all, of the bearish news has now been factored into prices. Corn and wheat futures markets are cheap, and basis levels are even cheaper. It is doubtful farmers will be sellers of much until 2018. The corn harvest’s slow pace has tended to alleviate/soften...

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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

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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