GOOD MORNING, Prices are still attempting to flesh out trading range lows, with technical reversal signals kicking off the liquidation. Funds are lightening up on length selling another 5K of wheat, 7K beans, 1000 meal, 4K soyoil, and 15K corn yesterday. Today would be day 3 of fund selling, and if short would probably look to find some technical stabilization at the lows of today. The absence of business announcements continues to find beans struggling, as China's deteriorating crush margins create a wait-and-see attitude. Better rains are crossing SA as well. In political news for the US, Biden said he would not drop Phase 1 China tariffs immediately. In global news, a worker strike in Arg...
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.