World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Yesterday’s comments from President Trump about potential payroll tax cuts and other forms of financial relief for hourly wage earners sparked an optimistic outlook for stock futures and the overnight CBOT trade. CBOT grains were higher at the close of the overnight session with soybeans, wheat, and corn all posting sizeable gains. U.S. stock futures pointed to a higher open and that forecast was correct. Trading today was largely conducted with an air of cautious optimism in most markets.  After the open, CBOT markets found support from continued short covering ahead of the noon WASDE report. Some of yesterday’s bull wheat/corn spreads were reversed and corn traded higher against wheat for most of the day. Notably, after...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.18/bushel, up $0.12 from yesterday's close.  Sep 25 Wheat closed at $5.64/bushel, up $0.15 from yesterday's close.  Nov 25 Soybeans closed at $10.48/bushel, up $0.2075 from yesterday's close.  Dec 25 Soymeal closed at $290.8/short ton, up $3.2 from yester...

feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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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