World Perspectives
feed-grains soy-oilseeds wheat

So Low, Nowhere to Go but Up

GOOD MORNING, Prices continue to work into trading range territory, with current precipitation taking us down towards trading range lows encouraged by the thinking that Monday's crop ratings are only going to improve.   Having been so low in terms of condition ratings, perhaps there is nowhere to go but up from here. A reversal would require a persistent stretch of hot and dry weather over an extended period of time.  With charts turning sideways, those in need of pricing have turned more patient.   Yesterday, the amount of commercial buying activity in corn and meal was not as dense as in previous sessions, which allowed the fund selling to take both markets into deeper losses than expected.   This mor...

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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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