The soy complex took off in the overnight session, fueled by a rally in Palm Oil futures and Asian veg oil supply tightness. Corn and wheat followed soybeans higher but in more muted fashion. The Dow Jones index closed at a record high as markets react to a Trump Presidency. General Comments It is fair to say that grain and soy markets have more or less recovered from the shock provided by yesterday’s WASDE estimates of larger U.S. corn and soybean crops and building U.S. and world stocks. In fact, during the wee hours this morning’s trading, January soybeans had not only regained yesterday’s 10 cent loss but had roared up 28 cents higher in response to the hot Asian veg oil market. Malaysian palm oil futures were up 48 ringgits on reduce...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.