World Perspectives
feed-grains soy-oilseeds wheat

Follow the Money

This year ends with a peek at the latest numbers from the CFTC’s Commitment of Traders (COT) report. The chart below shows the net reported positions of the four different reporting groups. The producer/merchant/processor/user (PMPU) group is the commercial sector of the markets. However, the large speculative funds known as Pools is the sector of most concern. Note that the size of its short in Chicago wheat and corn futures remains record or near-record large. The Pools position in soybeans has shifted from a modest long three or four weeks ago to a small net short position at year-end, and this could be one of the keys to how the soy complex reacts in early 2018.

Weather in Argentina will be one of the key factors in the directi...

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feed-grains soy-oilseeds wheat

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Sugar Supply and Demand Situation

Mexico’s 2025/26 sugar production is estimated to be 5.024 million MT, reflecting about a 6 percent increase from 4.7 million MT after the past two years of weather-affected output, including both persistent drought and ill-timed rains. Nonetheless, production remains near the low end com...

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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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