World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Earlier this spring, corn and soybean futures markets became worried about tight old crop supplies that were being eaten into by strong domestic and export demand. It began to appear that that the 31 August corn carryout would be drawn down to a minimal pipeline quantity, and that ending soybean supplies on 31 August would be smaller than previously thought. Old crop supply concerns pushed old crop/new crop futures inverses sharply wider. July/November soybeans moved to about a $1.25 premium for July, and the July/December corn spread reached close to a $1.00 premium for July.Then came USDA's May WASDE. To the market's surprise, USDA left its estimated corn carryout unchanged at 851 million bu instead of lowering it belo...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

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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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