World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn The Buenos Aires Grain Exchange lowered its forecast of Argentina’s corn harvest estimate by 2.5 MMT down to 54 MMT last week. The main reasons are the February heatwave (which affected the mid- and late-season corn), excessive rainfall, and inclement weather that caused yield losses, plant overturns, etc. The unusually high incidence and severity of Spiroplasma bacteria was also noted as a reason for the reduced output.  Many farmers are noticing that the incidence of Spiroplasma and its effects are larger than expected. Many plants appear be to healthy or nearly healthy at first glance, but the cobs are later found to be affected. Rain continues to fall steadily across Argentina, resulting in significant water accumulat...

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feed-grains soy-oilseeds wheat

Market Commentary: Some Weekend Pullbacks but Nothing Scary

It was a pause and reflect day for some contracts, and more getting beat down for the cattle market. The latter invoking more limit-down safeguards. There were slight gains for soymeal, HRW and hogs, with the rest of the complex showing red. There was good volume for a Friday in corn, soybeans,...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2325/bushel, down $0.0475 from yesterday's close.  Dec 25 Wheat closed at $5.125/bushel, down $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.4175/bushel, down $0.03 from yesterday's close.  Dec 25 Soymeal closed at $294.1/short ton, up $1.8...

WPI Grain Transportation Report

Dry bulk markets were mixed and relatively quiet this week. The Capesize sector traded steady on flagging spot demand despite an increase in Chinese iron ore demand and rising Dalian steel futures. The Panamax sector was the upside leader for the week, primarily due to Pacific demand. Freight m...

feed-grains soy-oilseeds wheat

Market Commentary: Some Weekend Pullbacks but Nothing Scary

It was a pause and reflect day for some contracts, and more getting beat down for the cattle market. The latter invoking more limit-down safeguards. There were slight gains for soymeal, HRW and hogs, with the rest of the complex showing red. There was good volume for a Friday in corn, soybeans,...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2325/bushel, down $0.0475 from yesterday's close.  Dec 25 Wheat closed at $5.125/bushel, down $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.4175/bushel, down $0.03 from yesterday's close.  Dec 25 Soymeal closed at $294.1/short ton, up $1.8...

WPI Grain Transportation Report

Dry bulk markets were mixed and relatively quiet this week. The Capesize sector traded steady on flagging spot demand despite an increase in Chinese iron ore demand and rising Dalian steel futures. The Panamax sector was the upside leader for the week, primarily due to Pacific demand. Freight m...

feed-grains soy-oilseeds wheat

Market Commentary: Reversal Stays Intact as Harvest Nears Final Stages

It was another day of mostly higher markets as the reversal continued its strength particularly in soybeans and soymeal. While the redirection has been less overall price significant in corn, it was the seventh session higher in the past eight. Soybeans have closed higher in six of the past sev...

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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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