World Perspectives
feed-grains soy-oilseeds

Betting Against an Early Frost

USDA reported that adverse spring weather prevented 19 million acres (7.68 million hectares) from being planted this season. To put that number in perspective, only 30 countries have more arable land than the acres not planted in the U.S.; it is the equivalent of Italy not using any of its arable land. Those betting yesterday’s WASDE report would be bullish are understandably frustrated. Alternatively, the area prevented from being planted is just 4.4 percent of all arable land, and that percentage is in line with USDA’s predicted reductions in potential total production. Admittedly, USDA’s crop forecast provides no hedging on what is known to be the delayed maturity of the corn and soybean crops. It is a gamble that crop...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Market Commentary: China Headlines and Technical Buying Lift CBOT

Key Market Developments Markets head into Friday’s CPI report expecting a 0.3 percent month-over-month increase in both headline and core inflation, keeping year-over-year readings near +2.5 percent. That matters — but perhaps not as much as it would have a few weeks ago. This week&...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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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