Overnight trading opened mixed, but prices soon turned slightly lower. They were then quietly lower in slack trade durig the day session until the soy complex was awakened late in the session by an unexpected selling blitz in March soyoil. General Comments Overnight trading opened mixed, but prices soon turned slightly lower. Those traders who were still watching markets had little reason to do much of anything, and it showed. March corn held in a very narrow 1.75 cent range overnight with a volume of about 7,500 contracts. Dalian soy and corn futures prices continued their slide lower. Malaysian palm oil futures are stuck in an up-and-down pattern, and today was a down day to the extent of 29 ringgits. Prices remained under pressure as t...
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.