CBOT futures were mixed on Tuesday with wheat once again leading the way higher with new contract highs, corn following, and the soy complex ending mixed. Persistent rain in the forecast for Australia, combined with logistics issues from Canadian flooding and drought in the Black Sea and U.S. Plains are providing ample worries for the wheat markets. Corn lacks much of a bullish story on its own, but rallies in wheat are offering secondary support to most feed grains. Soymeal fell sharply lower in technical selling and liquidation, which weighed on soybeans. The monthly Cold Storage report showed continued tight red meat and poultry supplies and a surprise increase in beef stocks. Beef stocks were up 8 percent at the end of October versus S...
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.