World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

As it is Tuesday, grain and soy futures markets moved in opposite directions from Monday’s price action. Grain prices weakened, while soybeans gained back part of yesterday’s losses. General Comments The U.S. Federal Reserve Bank’s Federal Open Market Committee (FOMC) began its October policy meeting today in the wake of recent economic data indicating that the U.S. economy may be slowing and that inflation was well below its 2 percent goal. In light of the negative input, it is now considered unlikely that the Fed will raise interest rates tomorrow. What analysts will be looking for as they parse the Fed’s statement is any clue about what it might do at its next meeting in mid-December. Although Fed Chairperson Janet Yellen earlier all b...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 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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