GOOD MORNING, The fight for acreage is heating up between corn and beans. Corn is first up for planting, and sticking to its guns by holding in firm. Resistance for beans is still in play with a carry-out that is not snug, and more supply on the way. China may purchase beans, but the unknown post trade agreement signing continues to keep beans in a tight range. Additionally, the weaker Brazilian Real, which fell to a new low yesterday, provides the conditions for Brazilian farmer selling activity. Nonetheless, beans are up in front of the signing date tomorrow, retaining its $9.35-$9.55 comfort range. Profit-taking in oilshare continues, with meal higher against new soyoil chart lows. March wheat h...
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.