World Perspectives
feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up

CBOT grain futures were largely beneficiaries of a dead cat bounce today – lead by soybean futures – while livestock futures continued their implosion. News is light ahead of the March Prospective Plantings report by USDA and traders are finding good equilibria/ranges to stick within while waiting for the latest acreage figures.  Outside markets are higher – another dead cat bounce? – after yesterday’s selloff. The Dow is 104 points higher while the S&P 500 is essentially flat. The CBOE’s VIX is steady (down 8 points) while COMEX gold is lower in largely sideways trading. Crude oil futures are higher with both WTI and Brent up over $1.25/barrel as of this writing.  Corn May corn futures f...

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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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