GOOD MORNING, The markets broke heavily on Monday and are attempting a recovery trade today. The only question would be is this a dead-cat bounce after yesterday's aggressive selling? Many weaker longs were stopped out, and that could be the theme of December, where more traders may decide to cash out on a 20c gain in corn and a $1.00 move in beans. Funds on Monday sold 13,000 wheat contracts, 27,000 corn, 17,000 beans, 5000 meal, and 7,000 soyoil. COT positions are below but, with Monday's activity they may now be long an estimated 8K wheat contracts, 257K corn, 200K beans, 74K meal, and 108K soyoil. Bean planting is nearly complete in Brazil, and about half done in Argentina. Better chances for...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.