World Perspectives
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AM Outlook - Grains Firmer; Oilseeds Weaker

GOOD MORNING,  Prices continue to slip into trading ranges in front of the April 9 WASDE report.  Sharply lower soyoil futures were the key to soy complex weakness yesterday, with one wire talking about a hedge fund selling out its soyoil length in front of Friday's report.  Soyoil values are slightly firmer this morning for the May contract, with Egypt tendering.   Beans are mixed, firmer in the PM session but a negative export sales number and new CONAB estimates creating more pressure heading into the close.  Grains are firmer taking over leadership on the board to the upside led by wheat.   Wheat found some strength via short-covering activity, with KC in the lead.  There are also a few mor...

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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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