Reaction to a technically oversold market and debate about the potential U.S. corn and soybean yields, spurred by the Pro Farmers annual Midwestern crop tour, led grain and soy prices to bounce higher during the day session. General Comments World stock markets were hammered today. China's Shanghai Index fell 3.4 percent on a lack of confidence in the government's efforts to halt the current economic slowdown. Those doubts and Europe's own slow growth problems put European stock indices down about 2 percent. U.S. stock markets face all of that along with the sick crude oil market and more questions about what the Fed will do to interest rates and when. Minutes from the last Federal Open Market Committee (FOMC) meeting released yesterday s...
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.