World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Bulls Roll On

GOOD MORNING, Prices made new highs for meal, corn, and wheat as the bull market rolls on.  Corn basis is firm, as are cash markets across the world.   The Chicago wheat market now inverts along with bean, meal, and corn spreads.  Uncovered consumers and stock-piling due to fears of another round of Covid put a solid spin to price action.  Technical break-outs surface on the grain charts, with meal posting new ctr highs as well.  Funds purchased another round of contracts yesterday for everything but soyoil yesterday, which triggers the new highs today. WEATHER --Global concerns remain in place as weather forecasters continue to expect no change for soyoil moisture in the Black Sea.   The start of...

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feed-grains soy-oilseeds wheat

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feed-grains wheat soy-oilseeds

Summary of Futures

Dec 20 Corn closed at $4.0875/bushel, up $0.035 from yesterday's close.  Dec 20 Wheat closed at $6.32/bushel, up $0.05 from yesterday's close.  Nov 20 Soybeans closed at $10.64/bushel, up $0.0975 from yesterday's close.  Dec 20 Soymeal closed at $371.9/short ton, down $1.3 from y...

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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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