World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

It was a very quiet Sunday night session across soybeans, wheat and corn. The markets finished with corn up 1 cent, beans steady, Chicago wheat 3 cents higher, KC up 4-5 cents and Minneapolis with gains of 10-11. That pretty well summed up today’s action with the exception of a few spurts higher in soybeans. Trading volume in the day session was again very light in the corn and soy complex but much better for wheat. There appears to be no movement or certainly nothing positive on the trade front. France said it won’t negotiate with the U.S. on trade unless it softens its tone, which doesn’t seem likely anytime soon. The U.S. eight-14 day weather forecasts, which extend through 5 August, are reflected in the maps below and...

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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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