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feed-grains soy-oilseeds wheat

Market Commentary

The current mood of grain and soy futures markets seems mainly unaffected by details of planting progress and beneficial weather as today’s price action demonstrates. Trading is dominated by technical charts and momentum signals that were set in motion several weeks ago. General Comments As of 15 May, the U.S. corn crop was 75 percent in the ground and U.S. soybeans were 36 percent planted, both of which were slightly above average for the date. After some early week showers, the Corn Belt will turn drier and warmer for the next several days, which should allow for further progress. Next Monday’s weekly report from USDA should show corn planting near 90 percent and soy planting at 60 percent or higher. With no signs of pending adverse wea...

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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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