The CBOT was almost uniformly in the red on Tuesday with any bullish supply-side implications from the November WASDE largely forgotten (or ignored) amid bearish demand-side developments. The recent rally in the U.S. dollar is threatening to undo much of the export demand gains the market has won and favorable weather in South America is promising strong export competition for soybeans. Too, the switching of administrations in Washington, D.C. is causing uncertainty in many aspects, one of which is biofuels policy. That latter fact helped tank the soyoil market for the day, with the spot contract posting a 4 percent loss. Funds are increasingly returning to the short side of the market in the soy complex and wheat as fundamental and chart c...
What You Need to Know Today: It was a quiet trading day across major agricultural commodities, with most contracts closing within 1 percent of the previous day's settlement. Trading volumes for corn and the soy complex were lighter than earlier in the week, as traders were positioning before a...
New World Screwworm Another day, another case of New World Screwworm. USDA has reported nine cases of New World Screwworm (NWS) in the U.S. Of the nine reported cases, eight are located across four counties in Texas—Edwards, Gillespie, La Salle, and Zavala. Of the eight cases in Texas, si...
It is easy to get overwhelmed by the debates surrounding farm policy and crop production, especially the current back-and-forth about regenerative agriculture. Regeneration appears to be the word of the decade, the one that won’t go away. Its ubiquity cannot be ignored; in the same way we...
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.