World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The October WASDE was surprisingly bullish soybeans, which jumped 26.75 cents higher, and neutral/bearish corn. Wheat of course received another bearish report. General Comments: The waiting is finally over! Today’s WASDE report brings certainty to the market on the supply side, and traders can now focus on detailed examination of grain demand. Briefly, the WASDE was surprisingly bullish soybeans while neutral/bearish corn and wheat. The overnight session featured very muted trade ahead of today’s USDA report. Soybeans were the most active grain futures contract and traded a 5.5 cent range before finishing 2.5 cents higher on 11,500 contracts traded. Corn futures held to a very narrow 1.25 cent trading range and finished flat...

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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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