World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments There is not a lot to say about the markets during the last full trading day before the key USDA reports. Traders were working on positioning themselves as they want to be placed going into the reports. The result was a day session with fair volume. Wheat and soybean futures traded both sides before settling with small losses. Corn stayed in the green zone all session, closing with modest gains supported by fund buying and end-users extending their coverage. The corn market again shows the nervousness of traders ahead of the reports. There is good reason to be nervous about the possibility of a bullish report amid a market that has gradually fallen over $1.00 per bushel since early last September.The nervousness is compo...

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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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