The CBOT posted a “Turnaround Tuesday” with grain and oilseed markets finding their way to higher ground after two weeks of steadily lower trade. There was little fundamental reason for the day’s strength and most of the buying activity was short covering and position adjusting heading into Friday’s Grain Stocks and WASDE reports. There was some commercial buying with prices near multi-month or multi-year lows, but there was little fresh export business or rumors to support commercial demand. Funds were net buyers for the day but mostly just pared back their position heading into tomorrow’s report from CONAB and Friday’s USDA data releases. WPI looks for steady/higher trade heading into Friday’s rep...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.