World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Today’s CME closing grain market board was very unusual in the array of tiny price changes compared with that of yesterday. MGEX wheat had the biggest gains, finishing up 2.5-3 cents. Every other change was 1 cent or less except for a 1.25 cent gain for corn and Chicago wheat. While this has undoubtedly happened before, we do not recall ever seeing such small closing price changes across the entire board. January soybeans finished a penny lower with more deferred contracts down just fractions, and KC wheat was fractionally mixed. Even the changes for soy products were very small. Soymeal was up 30-50 cents, and soyoil was down just 2-5 points. To be honest, prices did vary more during the overnight and day trading. Corn was up as muc...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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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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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