World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

It was a quiet Sunday night opening with markets all slightly lower. Trading volume was also average or less both last night and today. The only difference during today’s session was that corn, wheat and soybean futures all slowly gravitated toward unchanged. Weekly export inspections were down from the previous week. USDA did make the following export sales announcements this morning: 1.1 MMT of old crop (2018/19) and 541,000 MT of new crop (2019/20) corn to Mexico 125,000 MT of new crop (2019/20) soybeans to “unknown” Funds reportedly started the week short 19,000 contracts of Chicago wheat and 36,000 contracts of soybeans but long 36,000 contracts of corn. USDA will release its December WASDE (supply and demand...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 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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