World Perspectives
wheat

All the Ingredients - But No Dough

U.S. wheat futures markets continue to trade in a relatively narrow range that is also near the bottom of a longer term-range (see the Chicago wheat chart below). Wheat markets should eventually break out of this bearish pattern for a number of fundamental reasons. USDA has been very slow to reduce 2018 world wheat production even though virtually every private analyst and several foreign government groups are using smaller numbers. It did make a few minor adjustments in yesterday’s reports, but those are still not enough (in our opinion). The table below compares USDA’s 2017/18 numbers for the major wheat-exporting countries with its forecast and that of WPI for 2018/19. WPI’s lower production and export numbers for...

WPI on Twitter

WPI POLL

Global crop weather in 2019 will be?

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets tried to generate a “Turnaround Tuesday” during the overnight session but struggled to hold on to minor gains. This difficulty was a signal that Tuesday might be a tough day for the markets, and so it was. Markets assume that China has purchased 5 MMT of soybea...

Pick Your Messenger; Markets Judges are (Flawed) People Too; Betrayals All Around; Common Transatlantic Problems

Pick Your Messenger President Trump assured farmers attending the American Farm Bureau annual meeting that the negotiations with China are going great and they will be the beneficiaries. He said a deal is in the offing due to the duties he imposed on Chinese goods. By contrast, U.S. Trade Repre...

biofuel

EPA Administrator Confirmation Hearing and Biofuel Outlook

The Senate Environment and Public Works Committee (EPW) will hold a confirmation hearing tomorrow for Andrew Wheeler, nominated last week by President Trump to be the EPA administrator. He has been the acting in that position  since July and is the former deputy administrator. Wheeler was...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets tried to generate a “Turnaround Tuesday” during the overnight session but struggled to hold on to minor gains. This difficulty was a signal that Tuesday might be a tough day for the markets, and so it was. Markets assume that China has purchased 5 MMT of soybea...

Pick Your Messenger; Markets Judges are (Flawed) People Too; Betrayals All Around; Common Transatlantic Problems

Pick Your Messenger President Trump assured farmers attending the American Farm Bureau annual meeting that the negotiations with China are going great and they will be the beneficiaries. He said a deal is in the offing due to the duties he imposed on Chinese goods. By contrast, U.S. Trade Repre...

biofuel

EPA Administrator Confirmation Hearing and Biofuel Outlook

The Senate Environment and Public Works Committee (EPW) will hold a confirmation hearing tomorrow for Andrew Wheeler, nominated last week by President Trump to be the EPA administrator. He has been the acting in that position  since July and is the former deputy administrator. Wheeler was...

soy-oilseeds softs energy

Brainstorming without USDA

It takes something like the current partial shutdown of the U.S. government to make those involved with agricultural markets realize how much we depend on the stream of data from USDA. The regularity of things like export sales reports, livestock reports, and estimates of production, supplies a...

Image
From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up