Corn and soybean markets traded a bit better overnight with wheat markets again lower. China’s “low-level” trade delegation went home with no evidence that any progress had been made in the trade talks. The Trump administration still says it is days (maybe hours) from announcing a trade deal with Mexico, but nothing more was said on that today either. The Pro Farmer corn and soybean tour ended yesterday. Despite a few pockets of smaller-than-expected yields (Minnesota in particular), there was no evidence that USDA’s August numbers were too big. Wheat remains weak on the poor U.S. export sales performance and some rain in the forecast for eastern Australia. Soybean, corn and wheat markets had a terrible week for th...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
Key Takeaways: Managed money is holding more than one million net-long contracts across agricultural markets, with corn, soybeans, and soymeal all reaching record net-long positions in September. Fundamental concerns surrounding yields, supplies, and global availability have helped justify the...
Under an Executive Order on 4 September, USDA announced $50 million in new funding to help states establish or expand meat and poultry inspection programs as part of an effort to increase processing options for livestock producers. It’s called the Stand-Up Program, which will help states...
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.