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feed-grains soy-oilseeds wheat

Market Commentary

Markets started the week sharply steady in the Sunday evening session, and they then opened this morning basically steady with no evidence of any pent-up weekend hedge pressure. Weather across the northern Plains was generally warm, dry and windy, but it was wet across the central parts of the Corn Belt with rain causing some harvest delays. Temperatures across the northern half of the U.S. are now supposed to drop back to “normal” with daytime highs in the 40s (F) instead of the 60s (F). There were no daily export sales announced this morning. Managed funds reportedly started this week short 82,000 contracts of Chicago wheat futures and 186,000 contracts of corn futures after increasing these short positions last week. They ar...

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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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