World Perspectives
feed-grains livestock wheat

Indian Subcontinent Regional Analysis

Corn Prices Remain Higher, Curbing Export Potential The government of India (GOI) estimated the khariff (October harvest) corn production at 21.47 MMT on 26 September 2018, 1.23 MMT more than the final estimate for that season’s crop last year. The increase is despite the uneven distribution of rains during the 2018 monsoon season and the drought conditions in key production areas, including Maharahstra, Karnataka and Telangana. Arrivals in the production areas are slow, and the prices are above year-ago levels. Another reason for higher prices is the increase in the corn Minimum Support Price (MSP), which was announced earlier this year at Rs.17,000 ($232)/MT. Maharashtra has declared drought in 26 districts, and Karnataka is likel...

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feed-grains soy-oilseeds wheat

Market Commentary

CBOT markets were sharply higher overnight after news of a pending U.S.-China trade deal. Soybeans posted an amazing 13½ cent overnight gain while corn finished the night session up 5½ cents. Wheat added 3-5 cents in similarly enthusiastic trade.  The day session saw prices m...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.81/bushel, up $0.0325 from yesterday's close.  Mar 20 Wheat closed at $5.325/bushel, up $0.0225 from yesterday's close.  Jan 20 Soybeans closed at $9.075/bushel, up $0.0925 from yesterday's close.  Jan 20 Soymeal closed at $296.9/short ton, up $2.7 from y...

feed-grains soy-oilseeds wheat

Getting to $50 Billion

The draft agreement between Washington and Beijing reportedly calls for China to purchase $50 billion worth of agricultural products from the U.S. in 2020. That would be a 291 percent increase from 2019, or a 92 percent increase from the pre-war year of 2017. One would expect China to have adde...

feed-grains soy-oilseeds wheat

Market Commentary

CBOT markets were sharply higher overnight after news of a pending U.S.-China trade deal. Soybeans posted an amazing 13½ cent overnight gain while corn finished the night session up 5½ cents. Wheat added 3-5 cents in similarly enthusiastic trade.  The day session saw prices m...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.81/bushel, up $0.0325 from yesterday's close.  Mar 20 Wheat closed at $5.325/bushel, up $0.0225 from yesterday's close.  Jan 20 Soybeans closed at $9.075/bushel, up $0.0925 from yesterday's close.  Jan 20 Soymeal closed at $296.9/short ton, up $2.7 from y...

feed-grains soy-oilseeds wheat

Getting to $50 Billion

The draft agreement between Washington and Beijing reportedly calls for China to purchase $50 billion worth of agricultural products from the U.S. in 2020. That would be a 291 percent increase from 2019, or a 92 percent increase from the pre-war year of 2017. One would expect China to have adde...

feed-grains soy-oilseeds wheat

PM Post - Potential Indigestion

THE OPEN March beans:  9 1/4 higher March meal:  2.50 higher March soyoil:  13 higher March corn;  2 1/2 higher March wheat:  2 1/4 higher Prices opened with an air of caution and quickly filled in small open PM session gaps.  Headlines continue to be digested with...

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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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