World Perspectives
feed-grains soy-oilseeds wheat

Is the U.S. Headed to Have Just Two Major Crops?

It is becoming clearer every year that U.S. farmers might be headed towards planting just two major crops: corn and soybeans. Consider the following:

Winter wheat acres in 2017 were the smallest since USDA started keeping records in 1919. Based on current prices and returns per acre, they will be smaller again in 2018. Hard red spring wheat and durum wheat acres also continue to decline. We expect northern Plains farmers to again plant fewer acres of both crops in 2018 as there is simply no economic incentive to plant wheat of any class.

Barley acreage and production are also rapidly declining. Production is down nearly 40 percent in the past two years, and malting contracts have grown cheap with limited availability. It has beco...

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feed-grains soy-oilseeds wheat

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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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