World Perspectives
wheat

Wheat Rediscovered

Noncommercial managed funds have held a large short position in wheat futures, mainly Chicago (SRW), in what seems like forever. The fund long position in wheat was estimated to be about 125,000 contracts at last count. Being short wheat futures for the long haul has been easy to rationalize. World wheat production has set a new record in each of the last several years and has grown notably faster than world use, which has resulted in ending world wheat stocks having their own string of new records. USDA’s latest estimate for those 2017/18 ending stocks is 268.4 MMT or 36 percent of use. U.S. wheat production has decreased more than 25 percent in the last three years, but estimated ending U.S. wheat stocks are still around the 1-billi...

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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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