Corn, soybean, and wheat futures were all lower through most of the Sunday evening session. However, wheat futures turned slightly higher early this morning and continued that trading pattern when the day session opened, closing with gains of up to 5.25 cents. Soybeans continue to bear the brunt of the negative U.S.-China trade news with both countries beginning implementation of higher import tariffs today. China has also reportedly canceled upcoming trade talks, although there was never a firm date set as far as we know. Cool, wet weather is slowing the pace of the U.S. corn and soybean harvest. Corn Belt weather looks better in the eight-14 day forecast. Meanwhile, wet weather is starting to create problems in parts of western Canada (T...
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.