World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Selling in wheat was the dominant theme at the CBOT on Monday. Weekend news that private firms had made upward revisions to the Russian wheat crop, now forecast just shy of 80 MMT, pressured the CBOT to start the week. Unwinding of wheat/corn spreads helped the latter firm slightly while the soy complex was led by higher soyoil values.  The USDA reported 260,000 MT of soybeans sold to “unknown” destinations in today’s flash export sales report. The sales included 8,000 MT for delivery in 2019/20 and the balance (252,000 MT) for MY 2020/21.  The weekly Export Inspections report was neutral corn and soybeans while once again coming in bullish wheat. With only a few weeks left in the 2019/20 corn and soybean marke...

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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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