World Perspectives
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Market Commentary

Post-December WASDE trade was mostly lower with trade activity rising well above the dismal volumes of yesterday. The markets opened as called with grains moving lower from the start and soybeans initially trading higher. The surprise of the day session, however, was the early turn lower in the soy complex that came without a fundamental new report/shock. The lack of fundamental justification for the soy weakness is indicative that profit-taking was active and that bulls saw little further upside potential. As the soy complex worked its way lower, that led to additional pressure in corn/wheat and left March corn below technical support points. Funds appear to now be betting on large supply reports from South America, combined with a slow U...

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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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