World Perspectives
feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up

Grains and oilseeds started the morning sharply higher on weather worries and the improved trade outlook. As the day progressed, however, President Trump’s comments seemingly downplaying the progress made on the trade front weighed on the markets. Profit taking was notable today as well, and farmers were alleged to be active sellers/hedgers on the recent rally.  This week’s Drought Monitor map showed steady conditions across Texas, Kansas, and Oklahoma with modest drought spreading into the PNW. The five-day forcast for the U.S. includes little rain for the Southern Plains but solid perceiptation for the PNW and the East Coast as the tropical storm pushes north. There is little to help the HRW wheat crop through the weeken...

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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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