World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Much like yesterday, today’s trading was dominated by crop tour yield numbers, good weather forecasts, and continued pressure on world wheat values. The soy complex managed to post solid gains, but wheat led corn lower amid significant spread trading. Funds are thought to be flat corn while holding an 80,000-contract new short position in soybeans and a small net short in wheat. News broke this afternoon that USDA is pulling all staff from the ongoing Pro Farmer tour after one participating employee was threatened. WPI’s knowledge of this tour is that a few USDA staffers are typically present on it each year ahead of the agency’s own crop tour/yield estimate efforts. Outside markets were mostly higher today with U.S. equ...

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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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