Every major CBOT/CME agricultural futures contract posted significant losses in a day dominated by “risk off” trade. Over the weekend, news broke that coronavirus COVID-19 outbreaks are worsening in South Korea, Italy, and Iran and the World Health Organization this morning reported that new cases were reported in Kuwait. Saudi Arabia said at the G20 meeting that it expected the spreading virus to have a significant negative impact on global economic growth. All that created expectations that the Dow would open 700+ points lower, which subsequently created pressure on CBOT markets. The World Health Organization reported today that 79,331 cases of COVID-19 have been confirmed to date, with 715 new cases reported in the pas...
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.