World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Macro Risk Off

Don’t take it personally that markets across the board showed weakness today. Exceptions being the dollar and lean hogs. The problem is dropping consumer sentiment as growth slows in Asia and worries grow about inflation. Notable was the Biden Administration’s announced plan to attack ransomware attacks by targeting cryptocurrencies. Bitcoin fell 1.3 percent and Ethereum dropped 5 percent in value.  Chicago agricultural commodity futures are additionally pressured by the eminent boost in supplies via what could be a very rapid harvest. The pressure is mostly on cash, however, and futures are holding up relatively well.  Harvesting will benefit from mostly dry and warm conditions. There are some rains in the southeast...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Tunisian officials say the country has sufficient stocks of soft wheat, durum, and barley to cover all requirements until May 2022. Pakistan wheat flour prices have increased by about 15 percent due to the recent ban on the interprov...

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

Market Commentary: Wheat Extends Losses; Corn, Soyoil Strengthen; Hogs Rally on ASF News

The CBOT was mostly lower in low-volume, pre-holiday trade. Monday is a holiday in the U.S. and the CBOT/CME (and WPI’s offices) will be closed. Notable developments for the day were the turnaround in corn and soyoil futures, which were juxtaposed against the continued technical weakness...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA  Tunisian officials say the country has sufficient stocks of soft wheat, durum, and barley to cover all requirements until May 2022. Pakistan wheat flour prices have increased by about 15 percent due to the recent ban on the interprov...

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

Market Commentary: Wheat Extends Losses; Corn, Soyoil Strengthen; Hogs Rally on ASF News

The CBOT was mostly lower in low-volume, pre-holiday trade. Monday is a holiday in the U.S. and the CBOT/CME (and WPI’s offices) will be closed. Notable developments for the day were the turnaround in corn and soyoil futures, which were juxtaposed against the continued technical weakness...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 22 Corn closed at $5.9625/bushel, up $0.0875 from yesterday's close.  Mar 22 Wheat closed at $7.415/bushel, down $0.0525 from yesterday's close.  Mar 22 Soybeans closed at $13.6975/bushel, down $0.075 from yesterday's close.  Mar 22 Soymeal closed at $405.6/short ton, down $3...

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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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