World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Rain Makes Grain, Maybe

Markets opened sharply lower with a mid-session effort at a comeback that wasn’t sustainable. The speculators for the most part have evaporated but there may still be too much stock in a crop saving weather reversal. The pendulum tends to over-swing and today’s IGC report reinforces that the fundamentals still require respect.  With today being mostly red across the board (except Feeder Cattle?!), it was the third straight day that next week’s brief weather improvement has pushed corn and soybeans lower. Wheat is still hanging on to some of Monday’s larger gain. 

The weather forecast remains intact. Heat relief starts this weekend with isolated showers, followed by more scattered showers and cooling tem...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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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