Managed money continues to press the short side of corn and wheat futures while buying soybean and soyoil futures. In the meantime, Canada’s acreage is starting to see some discussion as the planting season there is also on the verge of getting underway.Managed money continues to press the short side of corn and wheat futures while buying soybean and soyoil futures. The charts below show the size of those corn and wheat positions and also provide some historical perspective. The price charts are for the May Chicago wheat and corn contracts as of mid-morning today. The big March 31 USDA corn planting estimate and no demand for U.S. wheat are the biggest bearish fundamental market factors. The wet forecast for the dry U.S. hard red winter whe...
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.