GOOD MORNING, The markets continue to put on good rallies. Features overnight include higher oilshare and soyoil strength, (on the back of strong palm prices), which helped beans to trade firm. There could be end-of-month short-covering in beans, as well as buying at perceived market lows into the Sep. Quarterly Stocks report which will be released at 11:00 central time. Corn tends to work higher seasonally at this time of the year. Wheat is higher due to rising global demand and active tenders for feed wheat. Algeria purchased close to 580 kmt of optional origin milling wheat in a tender yesterday. China will be on holiday next week, but rumors persist they have been shopping this week. As...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.