THE OPEN May beans: 1 1/4 higher May meal: 2.30 lower May soyoil: steady May corn: 3 higher July wheat: 2 1/2 higher Prices opened as called with soyoil prices turning to trade both sides of even as crude oil trades lower after the open. Wheat prices surged higher as the increase for US four demand increases, and US millers ramp up to full capacity as US citizens shelter in place. Stocks rallied after the open as the White House and Congress agreed on a $2 trillion emergency bill to rush aid to businesses, workers, and a health care system slammed by the Covid-19 virus. Grains gained on the soy complex as buy wheat/sell corn and bean trade continued for most of the trading session...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.