World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat and Cattle Stabilize

Overall trading volume today was modest, even low for corn, but robust for soymeal. One market influence is wetter conditions in Brazil, but the more notable developments are in beef and wheat. Livestock products rebounded today as fears earlier in the week about bird flu dampening demand appears to have faded. Then there is the saga in Russia, where under the pretense of stemming importer concerns about quality the government is stepping in. Conducting export inspections would maintain quality but what has really changed is that Russia is now offering higher wheat prices. This implies possibly more concern about underselling than quality issues. The goal is to starve Ukraine’s farmers, not Russia’s own producers.  It is u...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5425/bushel, up $0.005 from yesterday's close.  Jul 26 Wheat closed at $6.07/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.645/bushel, down $0.1 from yesterday's close.  Jul 26 Soymeal closed at $316.3/short ton, down $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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