World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments The screens were "green" overnight and that buying carried over into today's activity. Volume, however, was very light. Wheat led the markets higher on news that Brazil was dropping its 10 percent duty on imports from non-Mercosur countries and reportedly had bought 100,000 MT of U.S. hard red winter wheat. There also was talk of increased interest in milling wheat from China. China will be back to work from the Lunar New Year holiday, and that carries some expectations that the steep price decline since last Friday might bring some buying activity; however, USDA did announce the cancellation of 250,000 MT of soybean sales to "unknown" this morning.The dollar index was trading slight higher today while crude oil was down...

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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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