World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Markets were steady to fractionally higher overnight, and they traded slightly higher much of today. That was a small surprise considering the magnitude of the corn yield increase in yesterday’s USDA report. As Bob Kohlmeyer wrote (see Ag Perspectives, 9 November), the corn and wheat markets have been so bearish for so long that there wasn’t much selling pressure left. Funds are already holding a record short position in corn futures and have been short wheat for a very long time. There wasn’t much appetite, at least today, to enlarge those short positions. The fact it was Friday as well as the Veteran’s Day holiday probably also cushioned the sellers. Most of the government was closed today, but the banking industr...

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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

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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