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feed-grains soy-oilseeds wheat

Market Commentary

Corn had another day of light volume and not much actual price movement. It sat back and watched as wheat traded double-digit gains and then backed off to trade lower, while soybeans had moderate losses followed by double-digit gains. General Comments Corn and soybean markets were lower overnight, while wheat traded slightly higher. That trend reversed itself by mid-morning with soybeans turning higher as wheat and corn moved lower. Trading volume overnight was extremely light with funds reported as small buyers of corn, soybeans and wheat.Crude oil was down $1.50-2.00 most of the day, and the U.S. dollar was firm. U.S. financial markets were very strong.U.S. futures markets will trade abbreviated schedules for the next two weeks because...

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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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