General Comments Yesterday's poor performance by the soybean market brought on further selling pressure in the complex overnight, while the grains were mostly steady to firm helped by some short covering in wheat. However, prices for everything turned red early during the day session. In the absence of new soybean export sales announcements from USDA and with yesterday's reversal, the soybean market is beginning to act tired and is in need of fresh news every day to keep prices within sight of $15.00. However, talk of growing soybean supplies at Chinese ports gave rise to rumors that Chinese buyers were attempting to cancel some Brazilian purchases. In turn, such rumors make traders wonder how strong the demand for soybeans really is. Th...
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.