World Perspectives
wheat

Wheat on the March

Old habits are often hard to break, but bearish fund managers are undoubtedly becoming nervous about their short wheat positions and probably with good reason.To the extent that markets can develop habits, being bearish on the price of wheat is an example. This goes back to 2013 as the world began to produce more wheat than it consumed in the 2013/14 wheat crop year. According to USDA estimates, world wheat stocks totaled 176 MMT at the beginning of that year and reached 183 MMT at its end. They will have grown to about 255 MMT by the end of 2016/17, an increase of 72 MMT during just three annual wheat crop cycles. That is an average annual gain of 24 MMT or very roughly 10 percent.The community of managed money funds that trade in agricult...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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