World Perspectives
feed-grains livestock biofuel

Thinking About the Coming Supply of Brazilian DDGS

Back in 2013, under the U.S. sugar program, sugar refiners and processors were headed toward forfeiting more than 350,000 MT of sugar under loan, which triggered the Feedstock Flexibility Program (FFP). That program, created in the 2008 farm bill, requires USDA to purchase surplus sugar (technically prevent forfeiture), and re-sell it to bioenergy producers in order to reduce the surplus in the food use market and support sugar prices. FFP was mostly a bust across the board. Going into the program, USDA estimated that they could sell the sugar to ethanol mills for between 7 and 8 cents a pound; instead USDA netted an average of 3 cents a pound. Moreover, some of the sugar never made its way into ethanol production because ethanol producers...

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feed-grains soy-oilseeds wheat

Market Commentary: Drought Drives Wheat Higher; Corn, Soybeans Firm Amid Harvest

The CBOT continued most of the trends that developed yesterday with funds remaining net buyers in corn, wheat, and soybeans. Grains, especially wheat, led the CBOT to the upside while soybeans were mostly along for the ride. Soymeal and soyoil reversed their recent roles, with soyoil gaining on...

CAP Reform in Focus; New Trade Policy; COVID Adjustments

CAP Reform in Focus This is a busy week in Brussels as tripartite negotiations hit a fever pitch over how green the next Common Agricultural Policy (CAP) will be. Delegations are split with some wanting to increase the mandatory level of 2nd Pillar support for eco-schemes to 40 percent, and boo...

Economic Recovery Officially V-Shaped

On 29 October, when the Bureau of Economic Analysis (BEA) issues the Q3 2020 GDP report, it likely will show the economy grew at more than 33 percent, based on a string of very positive economic reports since July. The Federal Reserve Bank of Atlanta maintains its GDP “NowCast” whic...

feed-grains soy-oilseeds wheat

Market Commentary: Drought Drives Wheat Higher; Corn, Soybeans Firm Amid Harvest

The CBOT continued most of the trends that developed yesterday with funds remaining net buyers in corn, wheat, and soybeans. Grains, especially wheat, led the CBOT to the upside while soybeans were mostly along for the ride. Soymeal and soyoil reversed their recent roles, with soyoil gaining on...

CAP Reform in Focus; New Trade Policy; COVID Adjustments

CAP Reform in Focus This is a busy week in Brussels as tripartite negotiations hit a fever pitch over how green the next Common Agricultural Policy (CAP) will be. Delegations are split with some wanting to increase the mandatory level of 2nd Pillar support for eco-schemes to 40 percent, and boo...

Economic Recovery Officially V-Shaped

On 29 October, when the Bureau of Economic Analysis (BEA) issues the Q3 2020 GDP report, it likely will show the economy grew at more than 33 percent, based on a string of very positive economic reports since July. The Federal Reserve Bank of Atlanta maintains its GDP “NowCast” whic...

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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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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