World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Markets ended the year mixed on extremely light volume. Corn and wheat futures were 1-2 cents lower much of today’s session, and soybeans traded both side until turning higher mid-morning. Weekly export sales were smaller than expected for soybeans (974,000 MT), good for corn (1.245 MMT) and so-so for wheat (478,000 MT), but it should be noted that this was for a holiday-shortened period. There were no sales announcements today. Markets will not reopen until 9:30 a.m. (EST) Tuesday morning. The only news today was the warmer, drier weather forecast into mid-January for most of Argentina. That coupled with some year-end short covering generated the mini-rally in the soy complex. It’s interesting to note that corn futures fini...

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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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