World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened as called with wheat leading the way higher. Overnight news that the Russian ag ministry is considering adopting a policy that would permit the restriction of wheat exports (though WPI argues this is unlikely to be used this year) put a bid under the wheat market. Similarly, rumors of soybean and wheat export business being conducted was supportive for the broader ag markets.  The world is waiting for tomorrow’s Phase One deal signing between the U.S. and China. After the signing is completed, the document will be released at least partially, and will offer good insight as to what U.S. farm product shipments to the Middle Kingdom might look like for the next few years. As WPI has cautioned repeatedly, however, ou...

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feed-grains soy-oilseeds wheat

Market Commentary: Weaker into the Weekend

The CBOT was sharply weaker heading into the weekend with many contracts posting new contract lows. September corn, December soymeal, and the first five listed HRW and MGEX wheat contracts all posted fresh contract lows. Soybeans, while far from contract lows, still posted a strongly bearish cl...

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...

Policy Round Up: COVID Legislation; Aluminum Tariffs; Restaurant Performance

COVID Relief: Today was the target deadline for the next COVID relief package; that is not going to happen. Neither the Senate or House was in session today but are subject to a one-day recall back for a vote if necessary. Negotiations continue but progress is not being made. The hang-ups are t...

feed-grains soy-oilseeds wheat

Market Commentary: Weaker into the Weekend

The CBOT was sharply weaker heading into the weekend with many contracts posting new contract lows. September corn, December soymeal, and the first five listed HRW and MGEX wheat contracts all posted fresh contract lows. Soybeans, while far from contract lows, still posted a strongly bearish cl...

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 soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.2075/bushel, down $0.03 from yesterday's close.  Sep 20 Wheat closed at $4.955/bushel, down $0.0575 from yesterday's close.  Nov 20 Soybeans closed at $8.675/bushel, down $0.105 from yesterday's close.  Dec 20 Soymeal closed at $286.8/short ton, down $1.6...

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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.

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