Markets were relatively quiet Sunday night, but corn and soybeans turned decidedly weaker today to finish with big losses. Funds started this week long everything except soyoil. They’ve had these positions for quite some time and evidently decided that today was the time to either get out or at least trim the size of those long positions. There is a great deal happening on the world political scene with the summit in Singapore. In addition, the vibes from the G-7 meetings ae growing worse. Apparently, President Trump didn’t agree with much that happened there, and this has created more trade war “angst.” U.S. crop weather is good except across the southern Plains. Much of North Dakota received another shot of rain l...
What You Need to Know Today: President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicat...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
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.