World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Grain and soy futures prices were mixed to mostly firmer overnight with corn the leader, supported by ongoing concerns about supplies accentuated by historically high cash basis values. Soybean prices wavered but were supported by reports that soybean buyers were still trying to switch themselves away from the lengthy loading delays. The day session saw corn, wheat and soybeans trading erratically higher in volume that was moderate at best. This lasted until late in the session when profit-taking pushed prices lower into the close. Part of the profit-taking involved unwinding bull spreads because of perceptions of waning demand and a slight pick-up in farmer selling. The July/November inverse closed at about $1.57, its n...

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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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