World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Argentina’s corn harvest continues to progress slowly, slower than WPI expected. It currently spans 25 percent of the area, which implies an 8 percent delay compared to the five-year average. The progress is slowed as combines are still fully engaged in harvesting soybeans and grain moistures remains high. Hopefully the cold weather and expected frosts at the end of next week will help reduce the moisture. There is high variability in the yields from different fields, but when the late corn harvest begins there should be a considerable drop in average yields. Even so, the harvest is still estimated at around 46 MMT. Origination remains around 500 KMT per week, and total farmer selling has reached almost 18 MMT, of which 7...

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Argentina’s corn harvest advanced 3.3 percentage points over the past week and reached 43.8 percent of the estimated area nationwide. Progress remains slow due to high grain moisture and inaccessible soils in some regions. Still, harvest pace is 8 points ahead of last year &mda...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Russia’s recent strikes against Ukraine and poor progress in peace talks between the two countries in Istanbul have added “war risk” premia back into several markets, including wheat.  Farmers in Spain and France were protesting, again, agricultural im...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders became slightly more bearish the major ag markets, last week with steady net selling across the grains and oilseed complex. Funds expanded their net short position across all ags by roughly 4.7 times last week and now hold a meaningful pos...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Argentina’s corn harvest advanced 3.3 percentage points over the past week and reached 43.8 percent of the estimated area nationwide. Progress remains slow due to high grain moisture and inaccessible soils in some regions. Still, harvest pace is 8 points ahead of last year &mda...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Russia’s recent strikes against Ukraine and poor progress in peace talks between the two countries in Istanbul have added “war risk” premia back into several markets, including wheat.  Farmers in Spain and France were protesting, again, agricultural im...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders became slightly more bearish the major ag markets, last week with steady net selling across the grains and oilseed complex. Funds expanded their net short position across all ags by roughly 4.7 times last week and now hold a meaningful pos...

feed-grains soy-oilseeds wheat

Market Commentary: Strong Friday and an Upward Bound Week

If yesterday’s trading looked like uncertainty ultimately succumbing to the bulls, today’s trading opened with the bears fully in charge. Contracts opened lower and mostly stayed that way until late morning when there appeared to be an epiphany with the bulls and they took charge. I...

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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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