World Perspectives

Dollar Drives Globe Slower

Commodity markets are weakening both due to higher interest rates depressing demand and slowed world trade, and because many are traded based on the dollar, which has skyrocketed in value. Technically, it can be argued that it is the euro/pound/yen that have weakened since the dollar’s value has maintained relative value to emerging market currencies excluding China and Russia. Though emerging markets still face the risk of distressed debt as they’ve overspent reserves to slow their own inflationary pressures.  The bottom line is that global trading links to the dollar remain strong, and the Federal Reserve’s effort to slow the U.S. economy is concurrently slowing global GDP growth. UNCTAD sees global development sta...

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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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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