World Perspectives
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Market Commentary: CBOT Falls Under Fund Liquidation, KCBT Deliveries

The CBOT started higher overnight with Argentine dryness supporting trade. The day session saw prices try to continue the rally, only to run into heavy fund liquidation and short selling pressure. Large deliveries against KC wheat futures pressured the wheat market and pulled corn lower as well. Trade became more technical as the day went on, with sell-stops being triggered as the market passed key support levels. Despite Monday’s weak trade, most markets are nestled near support levels, which may bring stability to this week’s trade. Funds are thought to have sold 15,000 contracts of corn today, along with 8,000 contracts of wheat, and 5,000 contracts of soybeans.  The CBOT recorded heavy deliveries against the March KC w...

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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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