GOOD MORNING, Prices remain steady today as the Agricultural Outlook Forum presents its full Supply and Demand tables and acreage numbers. Heading out this weekend funds may hold an estimated 130K short corn, 90K beans, and 50K meal. Funds are estimated to be net long around 45K wheat and 45K soyoil. As to the Outlook numbers: The gist of the report was bullish for wheat, with production to drop 4%. Key feature in the beans was that USDA increased exports and drew down ending stocks, tilting the numbers into a more friendly slant as well. Corn numbers were neutral to bearish. Reaction of the market was for wheat and beans to strengthen post data. Here are the Forum...
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.