THE OPEN Jan beans: 11 lower Jan meal: 2.30 lower Jan soyoil: 60 lower March corn: 2 lower March wheat: 6 3/4 lower The market opened into weakness with more negative technical signals arising that led to a better round of long liquidation. Beans traded weaker than corn, as there have not been any signs of Chinese business. Rumors of cancellations are old news, but negative in terms of bean psychology. Macro markets leaned negative as well, with equities turning sharply lower and the US dollar trading to 2 ½-year lows. At 10:00 export inspections were released as follows: corn: 890,033 mt vs. 832,882 mt week ago (vs. an expected 850,000 mt) beans: 2,036,...
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...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.