GOOD MORNING, Prices are mostly higher as the mission lately is to walk prices back towards trading range lows to confirm they are indeed value levels. There are rumors that China has been making bean and corn inquiries on this week's break to trading range lows. There are three things needed to send prices higher again, which would include a bullish WASDE report on Thur. followed by more bean buying, and a strengthening La Nina again in SA. The roll-out of vaccines globally is having a very positive impact on macro trade. Funds are whittling down positions in front of what could be a bullish WASDE on Thursday. Funds sold 7K contracts of beans, 3K meal, and 5K soyoil yesterday. This will leave funds an estimated ne...
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.