GOOD MORNING, Prices are mixed this morning with short-covering in corn and lower prices elsewhere. Prices started out in the PM session on a strong note, but lost that strength into the morning. Wheat prices appear ready to test recent lows, with corn prices very close to yesterday's lows as well. Nearby bean spreads are slightly weaker, but still remain an inverse. July positions are still being liquidated or rolled heading into first notice day on 30 June. Funds sold Ags yesterday on the rising virus fears, and good weather is capping off any type of rally. Funds now hold what could be a 330K short futures/options combined position, which is extremely heavy on the short side, and that could keep corn...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.