CBOT ag commodities traded mostly sideways on Tuesday while bulls and bears wait for headline(s) to help move the markets. Wheat saw perhaps the greatest action for the day with the KCBT market ending 15 cents in the red and scoring a new contract low, which pulled the CBOT market lower as well. Corn and soybeans continued their sideways chop while bull spreading drove soymeal and soyoil in opposite directions. Fresh news was light for the day, and one gets the sense traders are simply biding time until export demand changes appreciably or market-moving headlines develop. Looking forward, this is the time of year when corn and soybeans post seasonal lows and start to grind higher once harvest is concluded. The challenging weather for the la...
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.