World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading volumes were not impressive, and this pattern continued during the day session. Noncommercial support sent soybean futures prices up 12 cents at session highs before they fell back to close 7.75-8.75 cents higher. General Comments Financial markets were shaken by this morning’s horrific terrorist attacks in Brussels where dozens were killed and many more injured. As usually happens in such circumstances, there was a flow of money into so-called safe investments such as gold and the U.S. dollar. COMEX gold was up more than $16 at one point before retreating thereafter to finish up only about $4. The U.S. Dollar Index was up about 37 points. U.S. stocks were little changed.Overnight grain and soy trade saw prices trade hig...

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Black Sea Regional Analysis

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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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