With the closure yesterday and overnight because of New Year’s Day, CME grain futures markets opened for the first post-holiday trading session at 9:30 a.m. (EST) this morning. The long weekend’s primary weather story was the extremely cold temperatures that blanketed the Midwest and much of the Mid-South as well as a large majority of the Plains. That and dry conditions have likely resulted in some winterkill for both HRW and SRW, but the amount cannot be assessed until the wheat starts to green up after dormancy. However, the threat was enough to set wheat up as the day’s futures market leader. Besides that influence, the soy complex also responded to forecasts of only limited rainfall over Argentine crop areas for the n...
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.