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Market Commentary: Wheat and Cattle Stabilize

Overall trading volume today was modest, even low for corn, but robust for soymeal. One market influence is wetter conditions in Brazil, but the more notable developments are in beef and wheat. Livestock products rebounded today as fears earlier in the week about bird flu dampening demand appears to have faded. Then there is the saga in Russia, where under the pretense of stemming importer concerns about quality the government is stepping in. Conducting export inspections would maintain quality but what has really changed is that Russia is now offering higher wheat prices. This implies possibly more concern about underselling than quality issues. The goal is to starve Ukraine’s farmers, not Russia’s own producers.  It is u...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Pulls Back from Weather Rally; Soymeal Leads Soy Complex

The CBOT saw mixed trade to start the week with wheat futures (except the MGEX market) pulling back amid profit taking and a general feeling of a correction after their recent rally. The soy complex, on the other hand, saw a strong rally in soymeal as the plight of the Argentine crop is bolster...

Carbon Wars; Teeing up Taiwan

Carbon Wars The EU is moving forward with its plans for a Carbon Border Adjustment Mechanism (CBAM), and with its EU Deforestation Regulation. Despite claims to handling domestic and imported products equally as required under the WTO’s national treatment obligation, there will be plenty...

Farm Bill Behind the Scenes Negotiations

On 15 April WPI reported: House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has stated that he will move a farm bill draft out of committee in May; the Ranking Minority Member, David Scott (D-Georgia) has indicated that he’ll work with Thompson to have a bipartisan time...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Pulls Back from Weather Rally; Soymeal Leads Soy Complex

The CBOT saw mixed trade to start the week with wheat futures (except the MGEX market) pulling back amid profit taking and a general feeling of a correction after their recent rally. The soy complex, on the other hand, saw a strong rally in soymeal as the plight of the Argentine crop is bolster...

Carbon Wars; Teeing up Taiwan

Carbon Wars The EU is moving forward with its plans for a Carbon Border Adjustment Mechanism (CBAM), and with its EU Deforestation Regulation. Despite claims to handling domestic and imported products equally as required under the WTO’s national treatment obligation, there will be plenty...

Farm Bill Behind the Scenes Negotiations

On 15 April WPI reported: House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has stated that he will move a farm bill draft out of committee in May; the Ranking Minority Member, David Scott (D-Georgia) has indicated that he’ll work with Thompson to have a bipartisan time...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 29 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

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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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