GOOD MORNING, Prices are mixed this morning, lower for everything but soyoil. Soyoil futures followed a strong performance by palm, which jumped to new contract highs, and firmer crude oil which trades closer to the $80/barrel mark. Oilshare is soaring, as Egypt comes to tender for some as well. Beans made new lows in the night session but are recovering slowly following the palm. Grains remain in congestion mode. China markets are closed for holiday. The October USDA will be important in that yields will become more exact. In front of that report come the guesses. StoneX raised its corn yield to 176.7 bpa from 177.5 bpa prev. report, with production at 15.022 bln bu from 14.998 bln bu...
Key Market Insights Outside markets dominated today’s session. Crude oil traded below $70 per barrel, the U.S. dollar climbed to a 13-month high, and both gold and silver posted sharp declines as traders increased expectations for additional Federal Reserve rate hikes. At the same time, t...
Key Takeaways: An aging farmer population and fewer younger successors are creating growing farm succession challenges, leaving many operations without a clear future High land values and capital requirements create major barriers to farm ownership for new producers Farmland consolidation and...
What You Need to Know Today… Crush margins are set to pull back after their recent rallies, though U.S. markets will fare better than others. U.S. demand-led strength in soyoil pricing is a key driver of U.S. margin profitability and will remain so into mid-autumn. Soymeal prices are th...
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.