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Market Commentary

Winter wheat futures prices were still under pressure during the overnight session, much as they have been nearly all week. That weakness kept the other markets on the defensive, and both corn and soybeans were down slightly at the trading recess. Price weakness widened and deepened during the day session as selling and liquidation prevailed. Equally important was the absence of any reason to buy anything. The weekly export sales report was underwhelming with low sales volumes for corn and soybeans. Although it was nothing special, wheat’s export sales were actually larger than either corn’s or wheat’s, an unusual happening. The day session ended with red numbers across the entire board. Chicago December wheat closed down...

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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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