THE OPEN Nov beans: 4 3/4 higher Dec soyoil: 10 lower Dec meal: 2.20 higher Dec corn: 2 1/4 lower Dec wheat: 5 lower Prices started the day on a mixed note with grains weaker but finding some moderate strength after the open. Chicago wheat continues to see spillover strength from Minneapolis, which gapped higher last week on the charts and has not looked back. Beans continue to react to all aspects of a trade deal with the US/China, both good and bad. Trump's measured speech at the UN addressed the China/US trade war, with stern words creating a negative impact on bean prices for a bit, but prices slowly recovered throughout the trading session. ...
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.