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feed-grains soy-oilseeds wheat

Market Commentary

General Comments Overnight trade saw prices trade both sides before finally climbing into the green. Fund buying and more talk about the hot cash grain bids supported the markets. The day session also saw choppy, although vigorous, trade. Prices weakened early on signs that farmer selling had picked up this morning. However, the announcement by the U.S. Federal Reserve that it expected to leave its interest rate near zero into late 2014 caused the dollar to weaken. This in turn supported corn and wheat to close higher for the fifth day in a row which is frustrating bears looking for prices to top. Also, there were signs of some continued buying by investment funds.Soybeans are the exception. Old crop soybean contracts closed a few pennie...

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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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