World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Wheat still struggles to find any consistent buying as the funds keep adding to their record short positions. General Comments Markets were lower in the overnight session on very light volume and very little news. The soybean and soymeal markets, however, did not remain docile once the day session opened and old crop soybeans exploded to 17-18 cent gains with meal up more than $7 by mid-morning. That strength brought a much more muted response in the corn and wheat markets that could only post minor gains.Trading volume in corn and soybeans today was very light, but wheat volume seemed to be more normal.U.S. equity markets were strong today. The Dow and the S&P set all-time highs again today. Crude oil was steady and the U.S. dollar i...

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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

Market Commentary: Limping Home After a Dreary Week

Friday involved relatively lower volume and modest price changes as new inputs remain limited. And it wasn’t really due to the lack of USDA reports due to the shutdown since they may not have involved anything market moving. Harvest is progressing, competitors have ample supplies, and buy...

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

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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