Markets were steady to slightly higher overnight. Soybean and soymeal futures then started today’s session easier following a disappointing weekly soybean export sales number. Corn was higher, led by early 5-6 cent gains in wheat. Both corn and wheat futures faded when the soy complex turned weak. However, wheat closed strong and brought corn along to finish a penny or so up. Crude oil was firm again today, trading back above $66. The U.S. dollar continued to lose some ground. U.S. equity markets ended the week with another day of big gains. Corn FUTURES Weekly corn export sales were much better than expected at 1.5 MMT, and USDA also announced the sale of 125,000 MT to unknown. Current weather in Argentina seems to...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.