After yesterday’s relatively calm WASDE report, the markets traded a lackluster day as well. Corn and soybean futures traded both side of unchanged while late-day buying erased some of wheat’s early losses. The livestock markets were quietly higher, though also trading both sides of unchanged. Beyond further digestion of the WASDE report, there was little news to move the markets one way or the other. Beyond the ag markets, it’s been a mixed day of trading with the Dow and S&P 500 down 0.64 percent and 0.28 percent, respectively, as of this writing. The U.S. dollar index took back early-day losses after the Fed released the minutes from it’s latest FOMC meeting. The CBOE VIX index is 53 points lower while...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.