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feed-grains soy-oilseeds wheat

Market Commentary

Overnight trade reversed some of what occurred on Monday. Soybeans were higher, while grain prices were lower. Traders were chewing over news that U.S. Treasury Secretary Mnuchin has been discussing trade issues with high-level Chinese officials. Optimists see such contact as setting the stage for Presidents Trump and Xi to make some sort of announcement during their 30 November meeting in Buenos Aires. However, soybean futures traded mostly lower overnight and today, which is not a vote of confidence in a quick end to the trade dispute. Following yesterday’s federal holiday, the USDA/FGIS report of last week’s grain export inspections was released today. It showed 44.7 million bushels of corn, 47.8 million bushels of soybeans...

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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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