Wheat: Net sales of 518,700 metric tons (MT) were reported for delivery in marketing year 2020/2021. Corn: Net sales of 461,700 MT for 2019/2020 were up 29 percent from the previous week, but down 11 percent from the prior 4-week average. Soybeans: Net sales of 601,900 MT for 2019/2020 were up 12 percent from the previous week, but down 10 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 70,200 MT for 2019/2020--a marketing-year low--were down 43 percent from the previous week and 72 percent from the prior 4-week average. Soybean Oil: Net sales of 20,500 MT for 2019/2020 primarily for unknown destinations (15,000 MT), Guatemala (6,200 MT, including decreases of 8,000 MT), the Domin...
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.