The Market If it is better to be lucky than good, it is better to close higher even if only barely. July soybeans rose a half-penny this week or 0.04 percent and ended at 1179.75/bushel. In the same vein, July soyoil gained 5/100 of a penny or 0.1 percent in value to end the week at 43.68/pound. Soymeal remains the darling, adding $7.70 or 2.1 percent to hold value at 368.4/ST. Three days of flash sales with over 300 KMT of old soybeans designated to China or unknown no doubt helped. U.S. beans got another boost from a Brazilian tax penalty that made North American supplies more attractive. A good start to the growing season applies downward pressure but speculators will quickly reduce their net short position if it stays hot and dry the r...
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.