World Perspectives
feed-grains

King Sorghum

For many decades, sorghum was the Rodney Dangerfield of row crops, it could not get any respect. Over the past three years as total U.S. corn acreage expanded by 1.55 percent, the area planted to sorghum has exploded by 31.8 percent, albeit from a much smaller base number. The increased interest in planting sorghum is drawn from a price that has increased 87 percent in three years, versus 52.7 percent for corn.  Exports generally and China specifically has been the cause of the sorghum price spike. Over half the sorghum crop is exported versus about a quarter of the corn, counting exports in all its forms. That implies greater risk for sorghum if export markets are more volatile than domestic demand. But sorghum also fares well under...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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Competing Manufacturing Data

According to S&P Global, the US manufacturing sector grew for the fourth consecutive month in September. The U.S. manufacturing purchasing managers' index recorded 52 points in September, down from 53 a month prior and indicating a weaker rate of expansion of the manufacturing sector. A rea...

feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

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feed-grains soy-oilseeds wheat

Recent Market Volatility Increases Futures Mispricing

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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