Grain and oilseed futures were uneventful today with very narrow trading ranges. Volume was strong in corn, while it was just average in wheat and soybeans. Corn, soybean and wheat futures all showed gains for the week. General Comments The outside markets were steady to slightly lower this morning, which resulted in basically flat trade in the grain markets. Crude oil was closing out the week down $1.00 a barrel, and that put the price back below $30. Financial markets in the U.S. were mixed to slightly lower in an unremarkable trading day.Grain and oilseed futures were also uneventful today with very narrow trading ranges. Volume was strong in corn, while it was just average in wheat and soybeans. Today was the last trading day for opti...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.