World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Firmer

GOOD MORNING, The major trend is higher corn against a weaker bean market, but for today some profit-taking is noted in the spread.  A surging palm oil market helped to fortify soyoil trade, which may have cycled to a completion low.   Traders were back to buying soyoil/selling meal, and a higher soyoil market, plus the inability of the bean market to see downside follow-through from yesterday's break under $9.00 paved the way for today's price action that is slightly firmer.  March wheat prices are lower as a higher US dollar and a stall near the $5.75 level triggers profit-taking as charts start to turn sideways. In the big picture, corn could remain well supported on breaks.   Exports are improving for cor...

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feed-grains soy-oilseeds wheat

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livestock

Cattle on Feed Report

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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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