General Comments It was generally quiet in the markets today. Funds were largely absent and trading volume was light to moderate. Yesterday was the last trading day for the March contracts, and there were a few scattered deliveries in wheat, corn, soybeans, soybean oil and soybean meal. News was limited. That could be the case until we get to the end of March, when USDA releases the quarterly stocks and planting intentions reports. U.S. and world financial markets were slightly lower. The dollar was quite weak on profit-taking after setting seven-month highs.USDA did announce another 165,000 MT of new crop soybean sales this morning. Soy Complex FUTURES Soybeans had a wide trading range, trading 8-9 cents higher and that much lower, b...
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.