The wheat markets are quiet with not much business reported for new crop since they heated up two weeks ago. Wheat with 11.5 percent protein rose to the mid-$180s/MT for December-February shipment, but two factors have pressured prices this week. Soybeans Brazil Brazilian basis levels have been gradually dropping after last week’s CBOT rally. The rally was great news for Brazilian farmers who have been selling fairly good volumes of old and new crop soybeans each day since it started. Selling has been heavier in the new crop and has forced that basis downward, which is turning out to be an interesting level for some trading houses to take a position. Sellers were offering February at $0.53H, March at $0.42H and April/May $0.33-0.34K, all...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.