The CBOT was relatively calm on Friday despite the ongoing meltdown in macroeconomic markets. Corn traded both sides of unchanged before ending fractionally lower while wheat futures pushed lower in “give up” selling after the markets failed to do much this week. The soy complex was again the upside leader with soybeans and soymeal taking the lead while soyoil stumbled lower. Fresh news was light for the day and there was a definite sense that traders are exiting positions and are more focused on Christmas shopping than trading. Only the cattle and hog markets managed to elicit much excitement to end the week, but hogs did so in brilliant fashion with a $4+ rally. The South American weather remains concerning for the Arge...
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.