General Comments CME delivery intentions against March futures consisted of 119 contracts of wheat, 185 contracts of oats and 2,932 contracts of soybean oil. As expected, there were no deliveries of corn, soybeans and soybean meal. The small volume of wheat deliveries were about what the trade guessed, while the large volume of soybean oil tendered was considerably more than expected. The wheat deliveries went to various commission firms with no obvious commercial stopper present. However, the last position date was 20 December. Rumored commercial interest might show up later. By contrast, it appears that the bulk of the soyoil deliveries did go into commercial hands.In a related development, an exporter reportedly is seeking to buy SRW...
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.