THE OPEN November beans: 3 lower December meal: 1.30 lower December soyoil: 25 higher December corn: 2 lower December wheat: 3 lower The markets were called to open higher but funds came out as sellers. Funds continue to adjust positions heading into the October 12 WASDE report. Technicals broadens the range to the downside for corn as funds are seeming to liquidate current length. Today is day 2 of the Goldman roll, which is pressuring bean spreads. World that an agreement had been reached to extend the government's borrowing authority into December sent stocks higher with a quick recovery in crude, which underpinned soyoil pieces and oilshare. SOY The soy complex was called higher b...
What You Need to Know Today: It was a quiet trading day across major agricultural commodities, with most contracts closing within 1 percent of the previous day's settlement. Trading volumes for corn and the soy complex were lighter than earlier in the week, as traders were positioning before a...
New World Screwworm Another day, another case of New World Screwworm. USDA has reported nine cases of New World Screwworm (NWS) in the U.S. Of the nine reported cases, eight are located across four counties in Texas—Edwards, Gillespie, La Salle, and Zavala. Of the eight cases in Texas, si...
It is easy to get overwhelmed by the debates surrounding farm policy and crop production, especially the current back-and-forth about regenerative agriculture. Regeneration appears to be the word of the decade, the one that won’t go away. Its ubiquity cannot be ignored; in the same way we...
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.