Today's early trade saw wheat prices firm, while corn and the complex traded mostly with red numbers. Volume was fairly active for a pre-long weekend session. General Comments Today was the last trading session of the week for grain and soy futures. Tomorrow, Good Friday is a market holiday. Trading will resume with the Sunday night session.Today's early trade saw wheat prices firm, while corn and the complex traded mostly with red numbers. Volume was fairly active for a pre-long weekend session. The feature of the early soybean trade was the unwinding of old crop/new crop bull spreads. The rapid widening of the July/November inverse in recent days has made those bull spreads quite profitable, and holders of them decided to cash in ahead...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.