World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Weekly Gains but Rough Day for Wheat

It was a week of big gains for corn and soybeans, and wheat as well, but today put a damper on it. Wheat, like corn and soybeans came out of the chute this morning following on the double digit close in the overnight market. But wheat may have been buffeted (corn too) by speculation on whether Ukraine is going to ship grain. Key developments include the following:

This week, the UN established the Joint Coordination Center in Istanbul to facilitate sales.

Ukraine’s harvest has picked up pace and has already netted 11.7 MMT of grain. The country could export 5 MMT of grain/month. At least one major insurance company has agreed to issue $50 million in coverage.

Ukrainian Infrastructure Minister Oleksandr Kubrakov says the...

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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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