The CBOT was mixed to start the week with all eyes now solidly focused on Wednesday’s WASDE report. Corn and soybeans strengthened in early trade due to weekend rains that missed the western Corn Belt and northern Plains as well as short covering heading into the WASDE report. Wheat futures were lower under bear spreading and lackluster demand expected for the first half of the marketing year. Funds were cautious net buyers in the soy complex and corn while remaining largely neutral wheat. Tuesday’s trade is expected to be mostly sideways while traders make the final, pre-WASDE adjustments. The weekly Export Inspections report was neutral corn, wheat, and soybeans with shipments of all three commodities falling within the...
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.