The USDA report has come and gone, and prices will respond to weather and crop conditions. So far, those conditions have been excellent, with corn and bean ratings very high. In a recap, some highlights from the report: Corn: 2019/20 production was lowered by 45 mln bu to 13.6 bln bu, with harvested area lower by .1 mil acres and yield by .4 bpa to 167.4 bpa from the re-survey of North Dakota. Ethanol was an expected negative with 19/20 lowered by 50 mln bu to 4,900 mln bu., but could be the lowest number seen for 19/20. Old crop carry-out was raised by only 5 mln bu to 2103 mln bu, 50 mln bu below expectations. World carryout at 312.9 mmt was below expectations. 20/21 carryout was higher by...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.