General Comments The CME announced its latest new schedule for trading grain and soy futures. Beginning 8 April, electronic trading on Globex will open at 7:00 p.m. and trade overnight until 7:45 a.m. The day session for both electronic and pit trading will then open at 8:30 a.m. CT and close at 1:15 p.m. CT. Electronic trade will take a 45-minute break between 7:45 a.m. CT and 8:30 a.m. CT.The CME expanded trading to 21 hours in response to the ICE's introduction of new grain and soy contracts with terms identical with CME's traditional contracts but with the extended trading hours. However, many small and large commercials complained about the problems, including staffing, they faced covering a 21-hour trading day. Finally, the CME was...
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.