The December WASDE is not normally a market-moving report, and this year was no exception. The USDA made only mild revisions to U.S. and global grain balance sheets, which left the CBOT to mostly drift lower heading into the weekend. Corn and wheat futures ended lower and turned sideways after their recent two-week rallies appeared to hit resistance. The soy complex also pushed lower with favorable weather forecasts for South America and less-aggressive cuts to Brazil’s soybean production outlook weighing on values. Funds were net sellers for the day but trading volume was light and much of the day’s activity was profit taking and position re-adjusting following the WADSE. Friday’s price action indicates the soy complex wi...
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.