Weak charts and good weather for Brazilian crops pressured the CBOT at week’s end with the major market ending sharply lower. After corn and soybeans failed to overcome resistance earlier this week, fund selling and position liquidation has dominated the trade, and cheap Brazilian soybean prices and good weather for the safrinha corn crop haven’t helped either. Funds were net sellers for the day and the weak technical finish to the week’s trade suggests next week will feature defensive price action as well. The weekly CFTC report was largely in-line with expectations and showed funds expanding long positions in corn, HRW wheat, soybeans, and soymeal. That trend was reversed in the three days since the CFTC collected...
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.