World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Grain markets are dealing with several headwinds. One is the slow pace of fall harvests and winter wheat seeding. Although considerable harvest progress was made last week, the U.S. corn harvest at 63 percent complete is just at its five-year average. The soybean harvest gained 19 percent to reach 72 percent complete last week, but it is still 9 percent behind its average. Winter wheat planting is losing ground with 78 percent planted versus the average of 85 percent. Kansas is only 76 percent done against an average of 89 percent. The drawn-out winter wheat planting season has some wondering if the result will be less acreage than expected. Another headwind is the ongoing strength of the U.S. dollar that is approaching its 2018 high, than...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.3875/bushel, up $0.0525 from yesterday's close.  Jul 25 Wheat closed at $5.345/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.5775/bushel, up $0.0175 from yesterday's close.  Jul 25 Soymeal closed at $295.9/short ton, up $0.4 f...

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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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