World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

KC and Chicago wheat futures traded steady to slightly higher much of the session with Mpls under slight pressure. Today was also first notice day for deliveries against the March contracts. General Comments Happy Leap Year Day! Markets felt like they should only happen once every four years today as they were stunningly peaceful. Crude oil was up nearly $1 a barrel all day, but that didn’t prompt any month-end excitement in any market. U.S. financial markets held on to .1-.2 percent gains until they tuned lower after the noon hour and weakened further into the close. Corn and soybean futures were 2-3 lower most of the session with wheat markets steady. The U.S. dollar was just firm. Trading volume was ordinary.Today was first notice day...

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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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