The soy complex was once again supported by renewed strength of soymeal futures. It appeared that commercial end users were buying meal futures as protection against a continuation of the major rally in meal prices that began in April. This put some air under soybeans as well. General Comments Overnight trading in CME grain and soy futures continued yesterday’s downward price action, although it was much more subdued. There were further losses across the board, but they were modest and limited. Trading at the Dalian Commodity Exchange took a similar pattern with mostly small losses for soymeal, corn and soybeans. Dalian palm oil was also slightly lower even though short covering rallied Malaysian palm oil prices.The CME day session was no...
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.