THE OPEN November beans: 15 lower December meal: 2.10 lower December soyoil: 71 lower December corn: 5 3/4 lower December wheat: 5 1/2 lower The markets opened as called but a wetter -than-expected weather pattern in the Dakotas and end-of-week and month profit-taking sent prices sharply lower. It is also first notice day which brings pressures of its own. Rains were recorded over South Dakota, with more precip. through Neb., northern Mo., western Iowa, and southern Minn. Eastern Iowa appears to be left out of the rain picture. Wheat futures turned higher at midday extending AM gains as the markets continue to digest comments from the Quality Council Wheat tour this week. The comm...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
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.