THE OPEN Nov beans: 4 1/2 lower Dec meal: .40 lower Dec soyoil: 23 lower Dec corn: 1 3/4 lower Dec wheat: steady Prices opened as called with buy grains/sell soy a key feature of trade. Continuing rainfall in the Northern Plains created sharply higher trade again for Minneapolis spilling over into Chicago wheat, while strong cash prices helped corn to firm. The soy complex drifted lower led by soyoil as traders booked profits on oilshare. Informa released 2020 crop projections as follows: Corn: 95.1 mln with a yield of 178.7 bpa, and production at 15.6 bln bu Beans: 84.2 mln with a yield of 51.4 bpa and production at 3.285 bln bu Wheat: 45.4 mln with a...
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...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.