The soy complex, particularly soybean and soymeal futures, is where all the action continues to be. Soybean futures were lower overnight and traded down as much as a dime in the first hour of today’s session. That weakness didn’t last long before buyers started to appear, and the market was trading higher by mid-morning. General Comments Markets opened quietly and slightly lower Sunday evening. That’s the way they traded throughout the night, but the early fractional losses turned into 2-4 cent losses by the time that session closed. Today’s session started in a similar fashion with soybeans, corn and wheat all lower.There really wasn’t much to trade on today from a grain/oilseeds standpoint. Weather across most of the U.S. looks very goo...
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.