World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Corn Posts Bullish Reversal; Wheat, Hogs Follow Through on Reversals

Grains were once again the upside leader at the CBOT on Wednesday with wheat following through on Tuesday’s reversal in KCBT futures and the large gains in the CBOT market. On Wednesday, however, the corn market joined in on the rally and the March contract posted a bullish reversal on its own chart after initially pushing to a new contract low. The strength in corn and wheat failed to excite the soy complex with soybeans suffering as the short leg of some bull corn or wheat spreading. Too, weaker soyoil and soymeal values helped pressure the soybean market, but futures managed to end largely unchanged for the day. Funds were noted net buyers in wheat and continue to pare back short bets there amid the ongoing rally and rumors of Chin...

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

South America Weather Overview Argentina received some rainfall this week, but precipitation was concentrated in the northeast and western regions, with accumulations well below crop requirements. Looking ahead, temperatures are expected to rise over the coming days, with highs between 36°C...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds building their net long position across the major ag futures contracts for the second straight week. Funds added 108,000 contracts to their all-ags net long position last week, with buying in soyoil and CBOT wheat driving most of that increase.  The...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2825/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.  Mar 26 Soybeans closed at $10.6425/bushel, down $0.08 from yesterday's close.  Mar 26 Soymeal closed at $293.6/short ton, down $2.4...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

South America Weather Overview Argentina received some rainfall this week, but precipitation was concentrated in the northeast and western regions, with accumulations well below crop requirements. Looking ahead, temperatures are expected to rise over the coming days, with highs between 36°C...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds building their net long position across the major ag futures contracts for the second straight week. Funds added 108,000 contracts to their all-ags net long position last week, with buying in soyoil and CBOT wheat driving most of that increase.  The...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2825/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.  Mar 26 Soybeans closed at $10.6425/bushel, down $0.08 from yesterday's close.  Mar 26 Soymeal closed at $293.6/short ton, down $2.4...

feed-grains soy-oilseeds wheat

Market Commentary: Get Out of Dodge Friday

Although the week was mixed, there was a convincing move lower on Friday. The mood spelled exit as all the major agricultural contracts closed lower. Even those trading the three major wheat contracts, who had mostly countered the bearish sensibilities elsewhere on the board in many of the prev...

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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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