It was sort of a crazy day for grain and soy markets. The overnight session saw higher prices across the board, and that trend accelerated early in the day session as USDA’s weekly export sales showed net 2015/16 soybean sales of 815,800 MT plus 430,000 MT for 2016/17. General Comments It was sort of a crazy day for grain and soy markets. The overnight session saw higher prices across the board. That trend accelerated early in the day session as USDA’s weekly export sales showed net 2015/16 soybean sales of 815,800 MT plus 430,000 MT for 2016/17. The weekly old crop sales volume was unusually large for this time of the year, and that quickly brought in some buying that ran July soybeans up as much as 13 cents. More than half of the old cr...
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.