GOOD MORNING, Prices were lower for the first part of the night seeing more follow-through liquidation on yesterday's lower performance, with the soy complex turning higher by morning. Funds sold 6000 wheat, 35,000 corn, 7000 beans, 4000 meal, and 1000 soyoil yesterday, most of it coming out of grains. The commitment-of-traders report will be out Monday, but it seems like there has been some liquidation in all the markets due to covid cases and possible lockdowns. Funds are now estimated to be around 36k long wheat, 309K long corn, 280K long beans, 94,000K meal, and 97K soyoil. It was a bit of a surprise that corn has given back as much as it has, suggesting that prices are now going to head into a sideways p...
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.