This was a more interesting day in the markets. Corn and soybean futures were slightly lower overnight with wheat slightly higher. Wheat then found more aggressive buying at this morning’s opening, and KC and Chicago moved to double-digit gains early. General Comments This was a more interesting day in the markets. Corn and soybean futures were slightly lower overnight with wheat slightly higher. Wheat then found more aggressive buying at this morning’s opening, and KC and Chicago moved to double-digit gains early. There is little or no rain in the extended forecast for the U.S. southern Plains hard red winter wheat region. News stories and pictures of wildfires across parts of Kansas and Oklahoma were also supportive. There wasn’t much f...
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.