World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments: Corn, soybean and wheat markets were steady to just fractionally higher overnight in light volume. They then opened slightly higher today, but selling started to increase as the morning wore on with all three markets trading lower by the close. Soybeans were the weakest on some fund selling, and corn and wheat followed. Much of the selling can probably be attributed to a warmer, drier weather forecast across almost the entire Corn Belt. Corn and soybean harvest progress should really accelerate this week (the six-10-day temperature and precipitation maps are below).   U.S. equity markets were firm today and again in record territory. Crude oil was higher, and the U.S. dollar was slightly higher.   Corn...

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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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