The CBOT rallied sharply again on Wednesday as tensions continue to escalate in Ukraine. Moreover, weather forecasts show little improvement for Brazil, Argentina, and the U.S. Plains, which continues to threaten supply expectations. Funds were aggressive net buyers for the day, though signs of profit taking are developing in soyoil. The big question in the ag markets right now – especially wheat – is how long the ongoing rally will last and how high prices will rise. Given the extreme and politically driven nature of the rally (the latter fact making forecasts largely impossible), one can only say the answers are essentially unknowable. WPI has heard or read several analysis articles recently indicating that markets are...
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.