Soybean futures were down as much as 20-22 cents at mid-morning, and that weakness in the soy complex kept wheat lower all day. Meanwhile, corn was very resilient and traded 1-3 higher much of the session. General Comments Markets started the Sunday evening session slightly firmer, but that better start didn’t last more than 20-30 minutes before selling started to show in the soy complex. That selling persisted throughout the night and accelerated at this morning’s opening. Soybean futures were down as much as 20-22 cents at mid-morning, and that weakness in the soy complex kept wheat lower all day. Meanwhile, corn was very resilient and traded 1-3 higher much of the session. Weather across the Corn Belt generally looks very good.USDA ann...
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.