World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Grain and soy futures were firmer overnight, and volume was noticeably improved as traders anticipated that USDA's weekly export sales report would show another week of good sales volume. They were not disappointed. Net export sales for everything except soymeal came in above the average trade guesses. The market was starving for something to support prices, and the export sales report provided it at least for today.The report was especially supportive of the soy complex. Net soybean sales of 1.3764 MMT were well above expectations as were sales of 95,800 MT of soyoil. A sale of 40,000 MT to India was reported previously under the daily system, but there was an additional sale of 34,800 MT to unknown as well as sales t...

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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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