The major feature of the CBOT on Tuesday was the rally in all legs of the soy crush. Soybeans, soyoil, and to a lesser extent, soymeal, all posted strong gains for the day as U.S. demand comes into greater focus amid the plight of the Argentine crop. The ongoing drought in Argentina is prompting another series of crop production forecast cuts and the market is currently adding any lost Argentine production/exports to the U.S. export program. Soyoil posted a second day of strong gains while soybeans took back all of Monday’s losses. The grains markets were quieter but the weakness in the U.S. dollar allowed corn and wheat to push higher in early trade. CBOT wheat and corn futures, however, gave back those gains and settled sligh...
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.