World Perspectives
wheat

Is the Wheat Outlook Changing?

The wheat market has been immersed in such a bearish mentality for so long that it almost seems to have become a permanent condition. However, there are some developments in the world wheat situation that suggest change may finally be approaching.The wheat market has been immersed in such a bearish mentality for so long that it almost seems to have become a permanent condition. Noncommercial funds with their aggregated massive net short position in Chicago wheat futures and options of about 134,000 contracts seem to be trading the wheat market that way. There are good fundamental reasons to be bearish on wheat. USDA forecasts that U.S. 2016/17 ending wheat stocks will top 1.1 billion bushels, the largest wheat carryout since 1987/88. It als...

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Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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