The CBOT ended sharply higher for the day with soymeal – surprisingly enough – leading the way higher. Soymeal futures posted a massive bullish rally that triggered buy-stops and technical buying along the way. The strength in soymeal pulled soybeans higher, which in turn supported corn. Wheat futures posted another round of fresh contract highs this afternoon as well amid rising geopolitical tensions between Russia and Ukraine. Funds returned to the CBOT as net buyers on Friday, though afternoon profit taking did develop in wheat. Funds are thought to have secured 11,000 contracts of corn, 8,000 contracts of soybeans and remaining flat the wheat market. Funds likely also secured 6,000 contracts of soymeal while selling 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.