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Farm Bill Conference Started

The federal government is still closed, but the farm bill conference has finally started. As we reported on 11 October, the House cleared the way to appoint conferees in a procedural vote and made the appointments Saturday. The Senate appointed conferees on 1 August and re-appointed them more recently. However, even the naming of conferees signals the looming difficulties. The House named representatives from the Agriculture, Ways and Means and Foreign Affairs Committees as is typical, but also appointed Representative Steve Sutherland (R-Florida) as the representative of the House Leadership. He was the author of the work requirement amendment to the Supplemental Nutrition Assistance Program (SNAP) that was largely credited with tanking...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Monday’s CFTC report showed managed money traders paring back long positions across the ag space for the third straight week as technical conditions deteriorated further. Funds shed 34,000 contracts from their all-ags position last week, with selling in corn and soybeans accounting for mo...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders paring back long positions across the ag space as technical conditions quickly deteriorated for the soy complex and corn. Funds shed nearly 170,000 contracts from their all-ags position last week, with about 90 percent of that coming from...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Monday’s CFTC report showed managed money traders paring back long positions across the ag space for the third straight week as technical conditions deteriorated further. Funds shed 34,000 contracts from their all-ags position last week, with selling in corn and soybeans accounting for mo...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders paring back long positions across the ag space as technical conditions quickly deteriorated for the soy complex and corn. Funds shed nearly 170,000 contracts from their all-ags position last week, with about 90 percent of that coming from...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 2 December. The data are, obviously, delayed due to the 40-day 2025 U.S. government shutdown. While the positions below likely have little influence on today's markets or fund positioning...

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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.

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