World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Beats WASDE Story

Before the June report was issued, corn and wheat were trading lower and soybeans were up by around 18 cents. Overall, the report was bearish both corn and soybeans, and somewhat bullish wheat. But that is not how the market necessarily played it. Corn and HRW understandably closed lower and SRW higher, but soybeans shot up over 23 cents. There is fun and intrigue in the soyoil market but first the WASDE. USDA wasn’t ready to lower U.S. corn and soybean production as much as some analysts expected early season dryness would compel them to. Wheat was a mixed bag with the agency seeing less damaged HRW but not as much SRW as expected. Thus, HRW lost 7 cents today and SRW gained four. 

For both old crop and new crop, USDA sees h...

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Summary of Futures

May 26 Corn closed at $4.535/bushel, up $0.0975 from yesterday's close.  May 26 Wheat closed at $5.8375/bushel, up $0.155 from yesterday's close.  May 26 Soybeans closed at $11.7925/bushel, up $0.0975 from yesterday's close.  May 26 Soymeal closed at $309.3/short ton, down $0.6 f...

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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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