World Perspectives
wheat

Wheat’s New Story

Here is an interesting riddle: With USDA likely to increase its already record large 2020/21 world wheat production estimate a few MMT in Friday’s October WASDE, why is it that the spot CME December 2020 Wheat (SRW) contract is trading at the highest level for a spot CME wheat contract in more than five years?  For the last five years or so we have gotten used to mostly placid, dull wheat markets – both futures and cash. Markets were burdened by surplus supplies, and volatility was usually quite low as was futures trading volume. World wheat production has steadily risen and should be near 770 MMT in Friday’s October WASDE. Ending 2020/21 world wheat stocks are estimated near 320 MMT which would be 41 percent of annu...

WPI on Twitter

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Rally; Funds Cover Shorts Amid Widespread Futures Strength

The spring 2024 wheat rally continues as weather threats linger for the U.S., Europe, and the Black Sea. Weather forecasts that offer a challenging outlook for the 2024/25 Northern Hemisphere crop are forcing funds to keep exiting short positions, with the resulting positive technical developme...

Hecho en Mexico; Radical for Small; Impeach Tai?

Hecho en Mexico While outgoing Mexican president and populist AMLO tries to shutdown American farmers, the U.S. government just keeps giving to Mexico. The de minimis duty is about to go away. The personal free import allowance is complex. Most American citizens reentering the country think of...

feed-grains soy-oilseeds wheat

Summary of Futures

Thank you...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Rally; Funds Cover Shorts Amid Widespread Futures Strength

The spring 2024 wheat rally continues as weather threats linger for the U.S., Europe, and the Black Sea. Weather forecasts that offer a challenging outlook for the 2024/25 Northern Hemisphere crop are forcing funds to keep exiting short positions, with the resulting positive technical developme...

Hecho en Mexico; Radical for Small; Impeach Tai?

Hecho en Mexico While outgoing Mexican president and populist AMLO tries to shutdown American farmers, the U.S. government just keeps giving to Mexico. The de minimis duty is about to go away. The personal free import allowance is complex. Most American citizens reentering the country think of...

feed-grains soy-oilseeds wheat

Summary of Futures

Thank you...

biofuel

E15’s Rube Goldberg Regulations

Last Friday, 19 April, the EPA issued an emergency waiver for E15 to be sold through the summer driving season. The topline takeaway of that action is positive for the ethanol sector, but the practicality of implementing the new rule is more complex.   Indeed, the structure of the Cle...

Image
From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up