A volatile week finished with a retreat in the soy complex, driven by rumors of China forcing a fund out of a long position on the Dalian exchange and farmer selling in Brazil, that led corn and wheat lower today. General Comments Markets were mixed overnight with soybeans again stronger and wheat and corn steady to lower. That pattern changed quickly this morning when the soy complex went from trading higher to trading sharply lower. Corn and wheat need a strong soy complex to hold their own these days and when the soy complex broke lower, corn and wheat concurrently lost more ground. There was a rumor the Chinese government might have forced a fund to exit its long positions in the Dalian market because they had exceeded their position...
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.