World Perspectives
feed-grains soy-oilseeds wheat

2018 in the Rearview Mirror

Grain and oilseed markets in 2018 were disappointing for producers, which, of course, means they were good for consumers because prices trended lower, at least through the last half of the year.  It was really a tale of two cities. The first was one of rising markets and bullish news until it met the second, the Trump trade war, that ignited and reached full war when China slapped 25 percent tariffs on U.S. soybeans in early July. Crop prospects across the U.S. also started to improve about that same time and the result was that corn, wheat, and soybean markets collapsed. The problem with trying to analyze the 2018 markets is that rarely has history seen so many significant “outside” or non-agricultural events impact grai...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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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