Equities are rebounding today on the understanding that the government is about to use a firehose instead of a hypodermic needle to ensure liquidity in the nation’s cash flow situation. Chicago is also having a turnaround Tuesday, but of the milder sort. At midday, soybeans and wheat were up fractionally, soyoil had gained 2 percent but corn was down 2 percent. But as we have noted, equities have fallen further overall and so they will have more ground to recover. There are important differences between the two industries. New rules have made Wall Street a little less profitable, but it still enjoys being generally less volatile. Before the current coronavirus situation, the agricultural commodities industry had already been wh...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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.