GOOD MORNING, The mission of the market is now to define trading ranges from our new ctr highs heading into the summer. Increased talk of increased US imports weighs on prices, while weather appears to offer up a more moderate outlook. There is chatter that South American bean and meal imports could be on tap for the US. Corn could find pressure from talk of corn imports from Argentina and French wheat for feeding which offers resistance. There is also talk that China could be cancelling Brazil bean sales. Meal prices continued to find pressure from lower Chinese meal values and constant buy soyoil/sell meal spread trade. Fundamentally there are few changes, but export cash markets suggest that for...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.