World Perspectives
feed-grains soy-oilseeds wheat

South American Weather is Key

The U.S. soybean harvest has progressed rapidly and the corn harvest more slowly. Meanwhile, winter wheat planting is plugging away at near the average pace. Dissatisfaction over prices has producers selling as little as possible, and futures markets have not had to withstand a great deal of hedging pressure. USDA/NASS will provide its updated yield and production estimates in next month’s WASDE (to be released 9 November) and its final numbers in the January issue. When its yield estimates go up or down in October, they have a moderate tendency to move in the same direction in November. Following that trend, the November corn yield estimate would increase slightly from 171.8 bushels/acre (BPA) and the soybean yield would decline sli...

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Market Commentary: China Headlines and Technical Buying Lift CBOT

Key Market Developments Markets head into Friday’s CPI report expecting a 0.3 percent month-over-month increase in both headline and core inflation, keeping year-over-year readings near +2.5 percent. That matters — but perhaps not as much as it would have a few weeks ago. This week&...

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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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