GOOD MORNING, Prices are higher across the board this morning on weather forecasts, with positive macros lending a hand. Corn is higher this morning on the back of lower Pro Farmer tour results and forecasts for hot and dry weather this week. The Pro Farmer tour put the corn yield at 177.5 bpa vs. USDA at 181.8 bpa, and production at 14.820 bln bu, vs.15.278 bln bu in the August report. Pro-Farmer results were more bearish for beans, with a 52.5 bpa, and production at 4.362 bln bu vs. 4.425 bln bu in the USDA report. The largest discrepancy between the August USDA number and the crop tour was therefore in corn, which created more unwinding of previous buy bean/sell corn trade. The number for corn was bu...
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.