World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Definitively Lower

The market opened lower for grains and oilseeds and for most contracts that was the consistent direction of the day. The bearish tone of yesterday’s WASDE coupled with significant rain relief coming for South America prompted a shedding of the weather premium that had been building.  Over the past five trading days, March corn has shed the most value with soybeans close behind and wheat still barely higher despite double digit losses over the past two trading sessions. Piling on today was a USDA Export Sales report that was plain disappointing. This is especially true in the wheat market when Iraq chose Australia as its supplier. It is possible that weather premium will get added back but that will depend on how much rain fal...

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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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