World Perspectives
soy-oilseeds

Oilseed Highlights - Bounce off the Bottom

The Market Early August delivered cooler air and rain showers, setting up good survival conditions for what is expected to be a return of heat and dryness, particularly to the west, over the coming week. The market reacted to the prospect of no rain for the next 10 days during a critical pod filling stage. November soybeans gained 45.75 this week. Perhaps betraying the dour news about China's economy is rising soybean values in the Middle Kingdom. September soyoil gained 4.16 cents and is priced at 68.29/pound, the highest thus far for the year. Oil demand is driven by biodiesel, and it has pushed crush margins to nearly $4/bushel.  Soymeal is along for the ride, adding 30-cents this week to the December contract for a value of 389/S...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.195/bushel, down $0.0175 from yesterday's close.  Sep 24 Wheat closed at $5.74/bushel, down $0.07 from yesterday's close.  Nov 24 Soybeans closed at $11.215/bushel, up $0.085 from yesterday's close.  Dec 24 Soymeal closed at $329.2/short ton, up $0.9 from...

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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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