The CBOT posted a mixed day in light volume trade with preparations for the August WASDE that will come out this Friday driving much of the market action. Corn and the soy complex finished mostly higher while wheat was mixed as traders seem cautious against becoming overly short the market. Traders pared back bearish bets as the stress that crops endured this July could result in more bullish yield estimates from USDA than currently expected. Funds were cautious net buyers for the day and are still believed to be net long the major ag commodities except CBOT wheat. U.S. stocks were sharply lower in early trade Tuesday after Moody’s downgraded the credit ratings on 10 smaller U.S. banks, parcel carrier UPS posted a dimmer financial ou...
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.