World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Markets continue to react to yesterday's USDA quarterly stocks and final small grains reports. Long liquidation by non-commercial soybean longs is still driving soy complex prices lower. Fresh short selling in corn pushed corn futures prices to the lowest level in nearly two years. Meanwhile, the wheat market remains a pillar of strength, relatively speaking. CME December wheat closed higher for the sixth time in the last seven trading days, and KC December made it seven for seven in terms of higher closes. Besides, from the bearish tone of yesterday's reports for corn and soybeans, market chatter about reports of better than expected yields for both is making the rounds. We think it is too soon to be drawing conclusio...

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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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