World Perspectives
feed-grains soy-oilseeds wheat

Making a Market

The results of a recent WPI poll which asked respondents how bullish or bearish they are for grain and soy prices for 2019 were striking. Of the respondents, 47 percent said they are slightly bullish, 41 percent are slightly bearish, 6 percent are very bearish, and 6 percent are neutral. None of the respondents were “very bullish”. Effectively, a total of 47 percent of the poll respondents are on the bearish side of neutral, and 47 percent are on the bullish side.  To put it another way, those respondents who hold bullish opinions are exactly offset by an equal number holding bearish opinions. It is true that a large majority of poll respondents holding opinions about the market are only slightly bullish or slightly bearis...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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