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...

WPI on Twitter

Related Articles
feed-grains soy-oilseeds wheat

Summary of Futures

Thursday April 25, 2024...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Weather Rally; Corn, Soybeans Steady While Eyeing Weather

Wheat remains the star of the ag commodity space this week with the rally continuing on challenging weather prospects for the U.S. HRW region, Europe, and the Black Sea. Until a few weeks ago, there were few doubts about the 2024 crop being able to supply the expected demand, but now reduced yi...

Most Apparent Solution; Future is Biotech

Most Apparent Solution The EU’s organic sector wants the bloc’s officials to take more action to ensure they achieve the target of 25 percent of agricultural output being organic by 2030. Specifically, they want a campaign to increase consumer demand for organic food so that organic...

feed-grains soy-oilseeds wheat

Summary of Futures

Thursday April 25, 2024...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Weather Rally; Corn, Soybeans Steady While Eyeing Weather

Wheat remains the star of the ag commodity space this week with the rally continuing on challenging weather prospects for the U.S. HRW region, Europe, and the Black Sea. Until a few weeks ago, there were few doubts about the 2024 crop being able to supply the expected demand, but now reduced yi...

Most Apparent Solution; Future is Biotech

Most Apparent Solution The EU’s organic sector wants the bloc’s officials to take more action to ensure they achieve the target of 25 percent of agricultural output being organic by 2030. Specifically, they want a campaign to increase consumer demand for organic food so that organic...

livestock

Livestock Roundup: HPAI Developments

Yesterday, the Animal and Plant Health Inspection Service (APHIS) issued a federal order requiring testing and reporting of highly pathogenic avian influenza (HPAI) for the interstate movement of lactating dairy cattle. Specific guidance will be issued at some point today, and the order will go...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up