World Perspectives

World Social Organization; War on Economics

World Social Organization Speaking before the Bretton Woods Committee last week, WTO Director-General Ngozi Okonjo-Iweala reportedly identified the top priorities for the organization she leads is addressing global problems including food security, climate change, and the digital economy. Its as if the word trade was lifted right out of the organization she leads. That is because trade policy has been badly bruised in recent years, and she is using tangential issues to try and give it more gravitas. A core problem is that China operates ambiguously under WTO rules, a fact reinforced by Donald Trump’s effort to blow up the whole global trading system. Then countries used COVID and the Russian invasion of Ukraine to further violate old...

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Cattle on Feed Report

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Summary of Futures

Dec 24 Corn closed at $4.255/bushel, down $0.0125 from yesterday's close. Mar 25 Wheat closed at $5.6475/bushel, down $0.0475 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, up $0.0575 from yesterday's close. Dec 24 Soymeal closed at $289.2/short ton, up $1.5 fro...

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WPI Quarterly Grain Balance Sheet Forecasts

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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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