THE OPEN July beans: 1 higher July meal: .40 higher July soyoil: 2 lower July corn: 1 1/4 lower July wheat: 5 1/2 lower The board opened today with an air of caution and mostly quiet activity as traders prepared for what the USDA would have to say at 11:00 central time. The expectation for a bearish corn report spilled over into beans despite an opening sale to China. Production projections for corn were based off the March Prospective Plantings and acreage expectations. That acreage was put at 96.99 mln for corn, using a 2020 yield of 178.5 bpa, and production at 15.9 bln bu. Over the last twenty years, the final planted corn acreage decreased over 3 mln acres only once from March inten...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.