World Perspectives
feed-grains wheat

Inputs Boost Production

The push by environmental activists to reduce and/or eliminate the use of pesticides and fertilizers in production agriculture may have varying impacts in individual countries but would likely reduce overall global production of cereals. This is because at the individual country level there are many other variables affecting production. Weather is chief among the external influencers of agricultural productivity, but pest and nutrient needs can also vary by geographic location, and chronologically.  Using overall global cereals production and the use of fertilizer and pesticides, there is a nearly perfect correlation. The use of fertilizer (0.95) has a slightly stronger relationship to production than pesticide usage (0.91). Soil type...

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Rethinking Development Agriculture; Rethinking Economics

Rethinking Development Agriculture Diego Restuccia, a professor of economics and Canada Research Chair at the University of Toronto examined the total factor productivity (TFP) differences between developing countries and rich countries and found the misallocation of resources to be a significa...

feed-grains soy-oilseeds wheat

Market Commentary

CBOT trade was mixed to end the week with wheat posting the largest moves. Wheat futures turned sharply lower as a mix of harvest pressure on cash prices and modest profit taking pressured the market. Soyoil rallied again, which helped support soybean prices while corn futures were slightly hig...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

Rethinking Development Agriculture; Rethinking Economics

Rethinking Development Agriculture Diego Restuccia, a professor of economics and Canada Research Chair at the University of Toronto examined the total factor productivity (TFP) differences between developing countries and rich countries and found the misallocation of resources to be a significa...

feed-grains soy-oilseeds wheat

Market Commentary

CBOT trade was mixed to end the week with wheat posting the largest moves. Wheat futures turned sharply lower as a mix of harvest pressure on cash prices and modest profit taking pressured the market. Soyoil rallied again, which helped support soybean prices while corn futures were slightly hig...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains wheat livestock

Unemployment and Food Costs

Today’s report that the jobless rate fell in the U.S. was good news that the economy is reviving. Food demand is relatively inelastic, though there can be some changes in quality. If there are impacts, they should be inverse, meaning less money to pay for food should cause food prices to...

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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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