World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Soybeans Brazil The Brazilian market resumed activity last week as Chinese demand returned. There were some trades on the spot for November at $1.58-1.60X CNF to China, which were a drop from those some weeks ago at $1.65-1.67X for similar positions. Brazil was forced to drop offers as U.S. Gulf (USG) prices were weaker and PNW prices remained very competitive. The Brazilian real has weakened sharply against the USD in the past few weeks, falling from 3.15 to 3.29, and that has promoted farmer selling. Farmers’ incomes have improved substantially, especially considering the firming CBOT prices. These factors pushed trading houses to drop offers and compete against USG. Even though Chinese buyers are complaining about the Brazilian...

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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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