World Perspectives
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Market Commentary

The CBOT traded mostly flat today with conflicting impacts of slow corn exports, steady soybean shipments, weather that is favorable in the near-term but deteriorating in the long-run and improving dryness in South America. The bottom line is that the U.S. and the world have enough corn/soybeans/wheat that demand does not need to be rationed but additional harvested bushels aren’t so burdensome that the market needs to signal combines to stop running. The market is now in a phase of continual, minor adjustments to slowly changing supply and demand forces.  Outside markets were higher with a boost from Q3 earnings while crude oil got a boost from EIA’s report that showed a 1.7-million-barrel decline in crude oil inventories...

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 28 April)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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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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