World Perspectives
feed-grains soy-oilseeds wheat

Rhyme Not Repeat

There is no proxy for the exact current global commodity situation, though it looks familiar at this juncture. Petroleum is arguably being over-produced, as are major crops like corn, wheat and soybeans. Each of the aforementioned are at or near record carryover. In the historical boom/bust cycle of commodities – something must and will change.  Oil prices peaked in the 1970’s at the same time inflation pushed up the value of gold, and then notably collapsed. In July 1973, an ounce of gold could buy 33 barrels of oil. The perceived shortage affected producers of lots of different commodities, causing overinvestment, consequently over-production and ultimately a collapse in values. By January 1974, that same ounce would buy...

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FOB Prices and Freight Rates App (Updated 24 December)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders paring back long positions across the ag space as technical conditions quickly deteriorated for the soy complex and corn. Funds shed nearly 170,000 contracts from their all-ags position last week, with about 90 percent of that coming from...

feed-grains soy-oilseeds wheat

Market Commentary: The Tempo not the Quantum

Everyone knows the volume traded this week will be lower, but there is no break in the directional adjustments. The corn market still had to continue its march higher, worries about wheat supplies moving out of Ukraine and even volume was not totally lower with soymeal and lean hog trading keep...

FOB Prices and Freight Rates App (Updated 24 December)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders paring back long positions across the ag space as technical conditions quickly deteriorated for the soy complex and corn. Funds shed nearly 170,000 contracts from their all-ags position last week, with about 90 percent of that coming from...

feed-grains soy-oilseeds wheat

Market Commentary: The Tempo not the Quantum

Everyone knows the volume traded this week will be lower, but there is no break in the directional adjustments. The corn market still had to continue its march higher, worries about wheat supplies moving out of Ukraine and even volume was not totally lower with soymeal and lean hog trading keep...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.475/bushel, up $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.17/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.515/bushel, down $0.0175 from yesterday's close.  Mar 26 Soymeal closed at $304.2/short ton, up $2.3 from...

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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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