Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Dec 26 Corn closed at $5.43/bushel, up $0.155 from yesterday's close. Dec 26 Wheat closed at $7.2675/bushel, up $0.125 from yesterday's close. Nov 26 Soybeans closed at $13.28/bushel, up $0.245 from yesterday's close. Dec 26 Soymeal closed at $368.4/short ton, up $9.8 from yes...
Last week, the Senate Ag Committee passed the farm bill on a party-line vote upon the return of Senators Mitch McConnell (R-Kentucky) and Tommy Tuberville (R-Alabama), who missed the vote on 6 August (see WPI coverage here) when it failed by a similar party-line vote, 10-11. Democrats held the...
Argentina Corn Argentina’s 2026/27 corn planting has reached 11.1 percent of the projected 8.4 Mha, according to the Buenos Aires Grain Exchange, advancing 5.6 percentage points over the past week. Progress is concentrated in central-eastern Entre Ríos, where 58.3 percent of the in...
Dec 26 Corn closed at $5.43/bushel, up $0.155 from yesterday's close. Dec 26 Wheat closed at $7.2675/bushel, up $0.125 from yesterday's close. Nov 26 Soybeans closed at $13.28/bushel, up $0.245 from yesterday's close. Dec 26 Soymeal closed at $368.4/short ton, up $9.8 from yes...
Last week, the Senate Ag Committee passed the farm bill on a party-line vote upon the return of Senators Mitch McConnell (R-Kentucky) and Tommy Tuberville (R-Alabama), who missed the vote on 6 August (see WPI coverage here) when it failed by a similar party-line vote, 10-11. Democrats held the...
Argentina Corn Argentina’s 2026/27 corn planting has reached 11.1 percent of the projected 8.4 Mha, according to the Buenos Aires Grain Exchange, advancing 5.6 percentage points over the past week. Progress is concentrated in central-eastern Entre Ríos, where 58.3 percent of the in...
Managed money was a slight net seller across agricultural markets in the latest CFTC report, with funds selling a net 3,000 contracts through last Tuesday’s reporting deadline and reducing their combined net-long position to 1.021 million contracts. Despite the modest overall selling, pos...
Key Takeaways: Higher interest rates increase the cost of financing agricultural production, reducing farm margins without providing any corresponding increase in production or revenue. The financial impact of higher rates varies considerably by operation, with highly leveraged producers and t...
Managed money was a slight net seller across agricultural markets in the latest CFTC report, with funds selling a net 3,000 contracts through last Tuesday’s reporting deadline and reducing their combined net-long position to 1.021 million contracts. Despite the modest overall selling, pos...
Dec 26 Corn closed at $5.275/bushel, down $0.03 from yesterday's close. Dec 26 Wheat closed at $7.1425/bushel, down $0.1275 from yesterday's close. Nov 26 Soybeans closed at $13.035/bushel, down $0.1625 from yesterday's close. Dec 26 Soymeal closed at $358.6/short ton, down $1...
What You Need to Know Today: The September Cattle on Feed report was strongly bullish, with both the 1 September on-feed inventory and August placements coming in well below average expectations and below the bottom of their respective pre-report estimate ranges. China continues to buy U...
USDA’s September cattle on feed report was released Friday, with the total number of cattle in feedlots with 1,000 head or more capacity amounting to 11.2 million head, 101 percent of last year. Placements dropped in August to their lowest total for the month since records began in 1996...
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 percent, which is not enough to materially reduce import dependence. Domestic slaughter is rising from a low base. Commercial slaughter incre...
What You Need to Know: U.S. fertilizer production is highly concentrated, but concentration alone does not establish that producers are operating as a cartel. Imports introduce competition unevenly: they supply nearly all U.S. potash consumption but play much smaller roles in domestic ammonia...
Dec 26 Corn closed at $5.305/bushel, down $0.0375 from yesterday's close. Dec 26 Wheat closed at $7.27/bushel, down $0.0375 from yesterday's close. Nov 26 Soybeans closed at $13.1975/bushel, down $0.0075 from yesterday's close. Dec 26 Soymeal closed at $371.3/short ton, up $5...
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