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feed-grains soy-oilseeds wheat

Market Commentary

Markets ended the Thursday evening session with wheat down 6 cents, corn up a penny and soybeans steady. Volume was light and continued that way in today’s session, which was expected on the last full trading day before the Christmas holiday break. Markets will close at 1 pm (EST) Monday and not re-open until 9:30 am (EST) Wednesday. Wheat and soybeans opened lower than expected this morning. There were no announcements of additional soybean sales to China, and that was considered disappointing despite its purchases in the last week. Wheat softened early this morning on news that the meeting between Russia’s ag ministry and exporters resulted in nothing different on export curbs. USDA did announce export sales this morning of...

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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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