World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises on Weather Concerns, Acres and Stocks Expectations

The CBOT was green across the board on Monday, though trading volume remained lighter than normal. Traders were focused on continued news from Russia that, even if it doesn’t limit wheat exports, it will seek to raise the export price of its products. That, combined with position evening and adjusting before the Grain Stocks report this week created a firmer tone for the major ag markets. Wheat was the upside leader again with the Russian export concerns and poor weather for the U.S. Plains prompting the rally. Corn followed along with ample technical buying while soybeans firmed on a more optimistic outlook for world macro and energy markets. Funds were net buyers for the day and continued to pare back their short wheat positions.&nb...

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feed-grains soy-oilseeds livestock

Market Commentary: Major Markets Bullish for Different Reasons

The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons.  Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is c...

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...

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 livestock

Market Commentary: Major Markets Bullish for Different Reasons

The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons.  Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is c...

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...

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

Jul 23 Corn closed at $6.09/bushel, up $0.165 from yesterday's close.  Jul 23 Wheat closed at $6.19/bushel, up $0.0825 from yesterday's close.  Jul 23 Soybeans closed at $13.525/bushel, up $0.23 from yesterday's close.  Jul 23 Soymeal closed at $397.8/short ton, down $3.6 from ye...

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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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