The CBOT was mixed at mid-week with limited trading volume as traders are generally reluctant to add more risk to positions heading into the long holiday weekend. Corn futures pushed higher and the spot contract posted 5-cent gains as both domestic and export demand remain strong. In contrast, soybean futures fell for a third straight day amid weakening demand and another selloff in soyoil. Wheat futures were lower as well amid the advancing harvest in the southern Plains. Funds were net sellers across the board for the day but ended essentially flat corn while liquidating more of their wheat and soybean longs. Western Europe’s weather has turned hot and dry again with forecasts indicating these conditions will last through the...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.