General Comments Today was another disappointing day for the bulls. Markets opened very firm yesterday afternoon with soybeans showing double-digit gains most of the night and into this morning. Corn also opened higher yesterday, with wheat tagging along. That picture changed around 9:30 this morning when the open outcry session opened. Selling pressure increased noticeably in wheat and corn and took them to 8- to 10-cent losses. That selling spilled over into the soybean complex as well.U.S. financial markets were strong. There is apparently still a glimmer of hope the fiscal cliff negotiations will yield some results before Christmas. Crude oil was slightly higher all day and the dollar index was fractionally lower. Soy Complex FUT...
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.