World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments It was (again) a very quiet overnight trading session with small gains in wheat and small losses in corn and soybean futures. The day session opened in similar fashion. The U.S. corn and soybean harvests are making progress, but it looks like another wet system will cross the Corn Belt next week and that will cause some delays. It is still dry across key regions in Argentina, but there is an increased chance of rain in the forecast for the last half of next week. That has been the case for the last month, but those wetter forecasts have yet to materialize.U.S. financial markets were mixed early in the day but did gradually strengthen and closed higher. Crude oil and the dollar were both slightly higher.USDA did announc...

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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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