The new crop soybean market, which would be most immediately affected by China, did manage to post a nice 14-16 cent rally today. Corn futures were higher most of the session, but prices slipped off to close up only around 2 cents. Wheat futures tried to follow. General Comments A 5.3 percent jump in the Shanghai Composite Index after five days of losses helped stabilize world financial markets. Other Asian and European stock markets followed with gains of their own. U.S. stocks also rallied sharply early on with the Dow up nearly 400 points, supported by the Commerce Dept.'s report that U.S. gross domestic product (GDP) grew an annualized 3.7 percent in the second quarter. The stock market fell back, however, giving up half of the early...
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.