World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Chinese Buying (again); Historic Soybean Spreads

The CBOT drifted lower overnight with corn and soybeans testing technical support. That weakness was short-lived in soybeans, however, as rumors of Chinese purchases helped the market firm heading into the morning’s opening bell. The day session corn, soybeans and wheat jump higher at the open with Chinese demand underpinning the move. Funds emerged as net buyers again and helped markets over technical resistance, which triggered buy-stops and additional long speculative activity. The markets ended higher for the day and soybean futures posted new contract highs. WPI sources say China has booked several (at least seven and possibly as many as 12) cargoes of U.S. soybeans for 2020/21 delivery. The purchases reportedly came on the over...

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feed-grains soy-oilseeds wheat

Market Commentary: Futures Scream Higher; Cash Markets Also on Fire

The CBOT continues to scream higher with Chinese buying of U.S. corn and soybeans underpinning prices. Managed money funds have been aggressive buyers as technical analysis has shown few, if any, reasons to be bearish or sell a long position. The rally is not isolated to the futures market eith...

A Look at Agriculture Funding Three Ways

There are three key pots of money for agriculture support: a second round of CFAP, additional relief for COVID, and the regular budget. One has been settled and two remain in limbo in Congress. Here is the run-down: First, the CFAP 2 payment schedules were released today from USDA. President Tr...

ICT’s Importance; Future U.S. and EU Agriculture; LEADS Act

ICT’s Importance A decline in the growth rate of total factor productivity is common in mature economies even as government policies seek to accelerate it as a means of increasing wealth. The EU is seeking to tax America’s information and communications technology (ICT) companies wh...

feed-grains soy-oilseeds wheat

Market Commentary: Futures Scream Higher; Cash Markets Also on Fire

The CBOT continues to scream higher with Chinese buying of U.S. corn and soybeans underpinning prices. Managed money funds have been aggressive buyers as technical analysis has shown few, if any, reasons to be bearish or sell a long position. The rally is not isolated to the futures market eith...

A Look at Agriculture Funding Three Ways

There are three key pots of money for agriculture support: a second round of CFAP, additional relief for COVID, and the regular budget. One has been settled and two remain in limbo in Congress. Here is the run-down: First, the CFAP 2 payment schedules were released today from USDA. President Tr...

ICT’s Importance; Future U.S. and EU Agriculture; LEADS Act

ICT’s Importance A decline in the growth rate of total factor productivity is common in mature economies even as government policies seek to accelerate it as a means of increasing wealth. The EU is seeking to tax America’s information and communications technology (ICT) companies wh...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.785/bushel, up $0.0325 from yesterday's close.  Dec 20 Wheat closed at $5.75/bushel, up $0.1875 from yesterday's close.  Nov 20 Soybeans closed at $10.435/bushel, up $0.15 from yesterday's close.  Dec 20 Soymeal closed at $342.1/short ton, up $6.8 from ye...

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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.

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