World Perspectives
feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Cattle form Technical Top, Grains Lower with Nothing Better To Do

Both the CME and CBOT closed in the red today, though selling at the CME (particularly the livestock contracts) was far more aggressive. Cattle futures are forming technical tops and seem poised for a sharp move lower amid a weakening beef demand outlook. Similarly, the pork market needs lower prices to move product, and futures are obliging.  The grains complex finally got its 20 December Export Sales report, which was nice but not market moving. The report, over a month old, would have been neutral/bullish corn and bearish soybeans and wheat had it been released on time, but was a non-event today. The USDA will keep an aggressive pace in releasing other backlogged data, which will be much appreciated by the market.  After yest...

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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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