World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Scores Contract Highs; Soybeans Rise on China Buying; Choice Cattle Supplies Fall

The August WASDE has come and gone but markets are still digesting its implications. Wheat futures were higher again on Friday with funds continuing their buying program amid tightening U.S. and world supplies. Corn futures traded a relatively quiet day with profit taking pushing the market off the daily highs. Soybeans were unimpressed with the WASDE but found more excitement from today’s “flash” export sales news. The weekly CFTC data (which covers through Tuesday’s market close) saw funds emerge as stronger net buyers across the CBOT than expected. Funds added length to their soybeans, soymeal, and corn positions and, as expected, were large buyers in wheat. That trend likely only accelerated heading into the WAS...

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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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