World Perspectives
soy-oilseeds

Oilseed Highlights: Brazilian Soy Crop Forecast and Meal Exports; China’s U.S. Soybean Purchase; Canadian Canola

Widely Varying Forecasts for Brazilian Soybean Crop With China resuming its purchases of U.S. soybeans for at least a while, the soybean market’s focus is increasingly on the size of the crop in South America, particularly Brazil’s. Last week INTL FCStone cut its forecast for the Brazilian crop by 4 MMT to 112.2 MMT after making a similar reduction last month. This is one of the lower private sector forecasts, but others are expected to decrease this week as more yield results are reported. Reports indicate the soybean group Aprosoja last week estimated that same crop at only 101 MMT, the lowest forecast by far and 24 MMT below many of a few months ago. Such an output would typically set off a rally in the soybean market, alth...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 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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