The soy complex took off in the overnight session, fueled by a rally in Palm Oil futures and Asian veg oil supply tightness. Corn and wheat followed soybeans higher but in more muted fashion. The Dow Jones index closed at a record high as markets react to a Trump Presidency. General Comments It is fair to say that grain and soy markets have more or less recovered from the shock provided by yesterday’s WASDE estimates of larger U.S. corn and soybean crops and building U.S. and world stocks. In fact, during the wee hours this morning’s trading, January soybeans had not only regained yesterday’s 10 cent loss but had roared up 28 cents higher in response to the hot Asian veg oil market. Malaysian palm oil futures were up 48 ringgits on reduce...
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.