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feed-grains soy-oilseeds wheat

Market Commentary

General Comments Traders apparently were impressed today by the big green blobs that were shown by weather radar. The green blobs indicate where precipitation is falling, but give no indication of the amount of precipitation. The green covered much of the Midwest in spotty fashion. However, the heaviest rains fell in a relatively narrow area running from northeast Iowa into southern Wisconsin. Rainfall totals in this band ranged up to an inch or slightly more in some cases. Other areas generally received a half inch or less. The Eastern Midwest is slated to receive scattered showers today and tonight with totals ranging up to half an inch. However, rain like that will not mean a great deal since the same area has temperatures near the 10...

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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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