Overnight trade in grain and soy futures was seemingly frozen in place by the soaring U.S. dollar. However, trading was a bit more active during the day session with corn and soy prices initially supported by the large export sales volume last week. General Comments Overnight trade in grain and soy futures was seemingly frozen in place by the soaring U.S. dollar. Wheat and corn prices were not much changed in limited volume. Soybean prices were also flat, but trading volume was somewhat better than for the grains. The Fed’s aggressive projection of future increases in the fed funds rate pressured other currencies around the world. The Chinese yuan fell to the lowest level in several years. Meanwhile, Malaysian palm oil was up 60 ringgits...
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.