World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments The Pro Farmer tour's corn and soybean production estimates were below the USDA August WASDE estimates and that, coupled with the extended streak of very hot and very dry weather, brought heavy fund and speculative buying back to the soy complex. All markets opened stronger than expected Sunday and soybeans were trading 50+ cents higher by the time the sun rose. Volume was huge in the overnight session and total volume today in corn and soybeans was enormous. Volume in the November soybean contract was above 200,000 contracts. Volume in December corn was over 277,000 contracts. That is three times what has been a normal daily volume.Outside markets were mostly non-events today. Crude oil was marginally lower and the do...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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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