World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Yesterday’s big trading volume and price declines were tempered overnight with soybeans and wheat turning a bit higher while corn mostly stayed within fractions of Monday’s closes. Chicago and KC wheat prices were up in response to USDA’s first national winter wheat crop condition report, which had the lowest overall ratings in 16 years. Only 32 percent of winter wheat was called good/excellent. HRW ratings were the worst in many years, and SRW ratings were also below last year. The generally good condition of white wheat kept the overall winter wheat ratings from falling further. The impact of the Plains drought could be seen with poor/very poor ratings for the crops in Kansas (47 percent), Oklahoma (46 percent) and Texas...

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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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