World Perspectives
feed-grains wheat

Realistic Expectations

China’s economic growth and now the trade war have rewritten the demand scenario much as the Black Sea region has rewritten the supply side. The Russians have prided themselves on the latter, and a new announcement that at first sounds like a doubling down is a reasonable ambition after further review. The Russian agriculture ministry announced a “proposed” $70 billion investment plan that would boost its grain production to as high as 150.3 MMT by 2035 in an "optimistic scenario." The recent OECD/FAO 10-year forecast predicts surplus crops and low prices, which makes the Russian plan appear threatening on its surface. However, based on trend line growth, the Russians should meet their target and could do so earlier than...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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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