While outside financial markets worked at reversing last week’s plunge into bear territory, agricultural commodity markets started the shortened trading week with their own bearish tone. Corn, wheat, and the soy complex all traded lower. There was above recent average trading volume pushing corn and wheat lower. This morning’s USDA export inspections report for last week included 427,344 MT of soybeans (middle of pre-report estimate), 331,328MT of wheat (low end) and 1,184,268 MT of corn (upper end of expectations). Late this afternoon, USDA’s weekly Crop Condition report matched market expectations for corn but dinged soybeans slightly more. Corn in Good/Excellent condition fell two points from a week ago to a tota...
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.