World Perspectives
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Market Commentary

Soybean futures responded to the sharp gains in crude and financial markets, trading 8-9 higher at mid-morning before weakening towards noon. Meanwhile, corn bounced with the soy complex. General Comments Markets opened Sunday evening little changed from last Friday’s closes, but crude oil rallied as the session wore on as did Asian and EU financial markets. This action pushed soybean and corn futures higher with wheat struggling, which is how markets opened and traded this morning. Soybeans pushed as much as 9 higher with corn up 3-4, while wheat couldn’t trade higher in Chicago or KC with Minneapolis up fractionally. Markets backed off around mid-morning with softness in soybeans dragging corn and wheat off their respective highs.Crude...

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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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