GOOD MORNING, Funds purchased a good chunk of corn on Tuesday to the tune of 30K contracts. The gap-higher trade in corn Tuesday implied that there was some panic-buying from not only funds who had to cover shorts, but from end-users willing to raise their ideas as they now felt they had to chase prices. This is something not seen in corn since prices bottomed out after the August WASDE with December prices at $3.20. The gap in corn this week showed that old shorts were throwing in the towel as prices jumped to new highs. Grains are weaker this morning as some of the panic-buying subsides. Corn prices may begin weaker, but China has been buying this market, and in lieu of a drop in ratings the $3.50 may...
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.