The Market Pressured by improved weather in Brazil, favorable crop conditions in Argentina, and a softening Chinese market, March soybeans declined 0.89 percent this week to end at 1213.25/bushel. USDA’s announcement on Friday of the sale of 297 KMT of soybeans to China was not enough to reverse course despite it being the first sale in over a month. U.S. soybean shipments are down 20 percent compared to this same time last year. March soymeal dropped 1.5 percent and is now valued at 356.5/ST. March soyoil settled at 46.9/pound, a decline of 2.79 percent for the shortened trading week. While canola is tracking lower with soyoil, palm oil has been rebounding and is trading above its 100-day average. The trend remains down but the dec...
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.