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feed-grains soy-oilseeds wheat

Market Commentary

Trading at the CBOT today was muted with traders mostly evening positions, taking some profits, and generally not adding to or subtracting from risk ahead of the weekend. Fundamental news was light as well, except for forecasts that a tropical storm in the Gulf of Mexico will create above-average rainfall for the Eastern Corn Belt starting early next week. The weekend weather looks fine for the bulk of the Midwest, however.  Two days ago, the Federal Reserve released its monthly Beige Book that details economic conditions around the country. The bottom line from the Fed was the U.S. economic expanded in September and that business contacts expect it to continue expanding in the coming 6-12 months, though the Fed noted “however,...

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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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