General Comments Markets leaked lower overnight, this time led by weakness in the soy complex. It was first notice day for deliveries against the December contracts, and those deliveries were heavier than expected: 2,200 contracts of soybean oil were delivered as well as 2,119 contracts of wheat and 246 contracts of corn. There were no soybean meal deliveries.It was also the last day of November, and that apparently led to profit-taking selling following the recent rallies in wheat, corn and soybeans. That selling escalated after the open outcry session started, with wheat and soybeans seeing sharp losses by midmorning.Outside market factors were neutral with crude oil slightly higher, the dollar about unchanged and financial markets just...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.