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feed-grains soy-oilseeds wheat

Market Commentary

When USDA lowered its production estimates for 2015 corn and soybeans today, it caught managed money funds leaning the wrong way. Wheat markets were dominated by noncommercial short covering in response to the surprisingly small estimate of the winter wheat acreage planted last fall. General Comments The grain and soy markets treaded water ahead of the release of USDA’s reports at 12 p.m. (EST) with only minor price changes overnight and early in the day session. After weeks of waiting, however, markets finally found something to trade on once they were issued. There was widespread surprise when USDA reduced estimated harvested acreage, national average yields and 2015 production for U.S. corn and soybeans. Following its initial productio...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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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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