The soy complex took off in the overnight session, fueled by a rally in Palm Oil futures and Asian veg oil supply tightness. Corn and wheat followed soybeans higher but in more muted fashion. The Dow Jones index closed at a record high as markets react to a Trump Presidency. General Comments It is fair to say that grain and soy markets have more or less recovered from the shock provided by yesterday’s WASDE estimates of larger U.S. corn and soybean crops and building U.S. and world stocks. In fact, during the wee hours this morning’s trading, January soybeans had not only regained yesterday’s 10 cent loss but had roared up 28 cents higher in response to the hot Asian veg oil market. Malaysian palm oil futures were up 48 ringgits on reduce...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.