The countries producing the largest number of soybeans and corn are responding to current elevated prices. However, the response is uneven. China is switching producer incentives from planting soybeans to growing corn. The predicted increase in corn production in Brazil and Ukraine is outsized due to being compared with the prior year’s weather reduced crop. Canada’s soybean production in 2021/22 will be constrained by weather while India’s corn production will be boosted by good monsoonal rains. Global consumption of soybeans is forecast to increase in 2021/22 by 2.3 percent and production in the top 10 producing countries will average 5.3 percent above the prior year. The world’s destruction of corn supply w...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.