Markets were relatively quiet today. USDA announced the sale of 100,000 MT of soymeal to unknown. That was enough to generate light fund buying that held soybeans higher, although soymeal futures finished the day lower. General Comments Markets were relatively quiet today with corn and soybeans higher and wheat slightly easier. Monday, 30 May is the first holiday of the summer season in the U.S. All markets are closed until 8 p.m. (EDT) that evening. It also marks the start of the North American row crop growing season. Financial markets were also quiet. Equity markets were mostly steady to slightly higher. Crude oil was slightly lower, and the U.S. dollar was strong. The markets are waiting to see what the Federal Reserve does next week...
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.