THE OPEN March beans: 3 higher March meal: 3.00 higher March soyoil: 40 lower March corn: 1/4 lower March wheat: 5 3/4 higher March canola: 2.50 higher The markets opened as called but the sell-off in corn and soyoil into the close created some position - evening around the board at the open. Prices reversed course trading lower from higher as light position evening/fund selling took place as today's major function. Buy meal/sell soyoil was a major feature of trade in the soy complex. Though export inspections were solid for corn and wheat, the funds took any strength it offered to position in front of tomorrow's numbers which includes US and world production, wheat planting intentions, and q...
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.