World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Yesterday’s grain and soy futures markets sold off well below the highs reached earlier in the session and closed unenthusiastically with a weak tone. The late session softness seemed to give traders reason to pause, and price action overnight was considerably more muted. In fact, prices across the board showed mostly minor changes from Tuesday’s closes as trading recessed this morning. One notable exception came from a surprisingly active corn market. Trading volume for corn was well above the overnight average, and prices moved in a 3-cent range, which is also wider than usual in overnight corn trade these days. Despite all this, corn prices were roughly only a penny higher as trading paused. Overnight volumes for the soy comp...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.855/bushel, up $0.015 from yesterday's close.  Jul 25 Wheat closed at $5.45/bushel, up $0.005 from yesterday's close.  Jul 25 Soybeans closed at $10.5925/bushel, down $0.0275 from yesterday's close.  Jul 25 Soymeal closed at $298.5/short ton, up $1.8 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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