World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Wheat still struggles to find any consistent buying as the funds keep adding to their record short positions. General Comments Markets were lower in the overnight session on very light volume and very little news. The soybean and soymeal markets, however, did not remain docile once the day session opened and old crop soybeans exploded to 17-18 cent gains with meal up more than $7 by mid-morning. That strength brought a much more muted response in the corn and wheat markets that could only post minor gains.Trading volume in corn and soybeans today was very light, but wheat volume seemed to be more normal.U.S. equity markets were strong today. The Dow and the S&P set all-time highs again today. Crude oil was steady and the U.S. dollar i...

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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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