World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Soy and wheat prices moved higher in overnight trade while corn prices edged lower. It appeared to be short covering in wheat and soybeans. The corn market was reacting to the improved movement of both old crop and new crop corn. However, the overnight market did not prepare traders for the wild soybean market during the day session. The day session saw July soybeans open at $14.93, down about a penny from yesterday's close. The price dropped another 4 cents in the first minutes, but then the July contract suddenly roared higher. At one point July soybeans were up more than 52 cents, and the July/November inverse widened to a new high of $2.98/bushel. All of this was going on even though cash soybean bids were sinking fa...

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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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