GOOD MORNING, It's a weather story, it's a fundamental story, it's a macro story. In bear markets, all the news is bad news, and in bull markets each story becomes a friendly one. The renewable biodiesel story sent soyoil futures on its dramatic price rise yesterday, coming on the same day Pres. Biden committed to halving US emissions by 2030, doubling the prev. target. Prices are lower this AM on light profit-taking, but it is badly needed as the market must congest some of its gains. Oilshare is once again the leader of the pack. Canola supplies have tightened along with palm. Soyoil basis continues to be on fire along with the domestic bean basis, where about half the processo...
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.