World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies; Corn and Soybeans Look for Direction

The CBOT opened higher with support coming from USDA daily “flash” export sales announcements. Corn and soybeans started to weaken by mid-morning, however, and finished the day with a relatively lackluster performance. Wheat, on the other hand, posted another day of double-digit gains as commercial and speculative buying was heavy. For corn and the soy complex, choppy trade yesterday and today suggests tops are near, or at least the restart of sideways trade. Wheat seems to be the exception, as the market strength shows no signs of slowing down or forming a top.  The U.S. weather pattern is trending wetter heading into the second week of September and the upcoming WASDE report. That will likely cap rallies in corn and soyb...

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feed-grains soy-oilseeds wheat

Summary of Futures

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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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