The CBOT was sharply higher after Friday’s agreement between Russia and Ukraine regarding a grain export corridor in the Black Sea was blown up – literally – one day later by Russian shelling of the Port of Odessa. The export agreement pressured futures on Friday and the weekend conflict – including renewed attacks in other parts of the country – sent futures higher on Monday. Traders are also bracing for another week of hot weather across the U.S. Midwest that will likely continue to work against corn and early soybean yields. U.S. corn and soybean conditions ratings slipped more than expected last week despite favorable rains across much of the Corn Belt. Corn ratings fell 3 percent and are steadily lagging...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.