World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments It was a particularly vicious day across the agricultural markets today. Everything was weak most of the night, and that weakness turned into a full blown sell-off after the open outcry session started trading. That sell-off took soybeans down 30 cents, with wheat down as much as 14-15 cents and corn down 11-12 cents. Fear of the USDA reports must have pushed a lot of money off the table before they were even released. It has been a while since the market saw a bullish USDA report, and the big money was betting on another bearish series of numbers this morning. Things changed dramatically as USDA's numbers started to hit the market. The corn quarterly stocks number and the winter wheat acreage number were both bullish. T...

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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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