THE OPEN Nov beans: 4 1/4 higher Dec meal: 1.50 higher Dec soyoil: 7 higher Dec corn: 5 1/4 higher Dec wheat: 5 higher The markets opened higher as called and despite lower corn crop ratings and business announcements, there was not a lot of panic buying and prices setback to congest in recent ranges. Illinois ratings were the most dramatic drop for boughth corn and beans as crops try to make it to the finish line. The lack of a clear frost continues to be the major catalyst for the dead-cat bounce currently underway, but today the early firmness that was a rally picked up steam into the noon hour and accelerated into the close of day. Later in the session, analysts...
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.