World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Mixed All Over

GOOD MORNING, Prices are mixed, higher wheat and soyoil, in what appears to be trading ranges from the top.  The higher equities market seemed to be the focus of the day yesterday, robbing the ag markets of their upside trends.   Wheat futures were lower on the higher US dollar and rising freight costs, which makes US wheat uncompetitive and in need of searching for that level that sparks demand.  Today, short-covering lifts wheat from its lows as major support is tested.  Wheat is also following the Matif wheat market, which placed eight-year highs.   Wheat also finds support from lower ratings in Kansas, Oklahoma, and Texas wheat after the extreme cold weather last week.   Of note is that Rus...

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U.S. soybean meal price outlook is unchanged at $400 per short ton...

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U.S. soybean outlook is for higher exports, lower crush, residual use, and seed use.  Soybean ending stocks are projected at 120 million bushels, unchanged from the previous forecast.  The season-average soybean price is forecast at $11.25 per bushel, up 10 cents...

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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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