CONAB recently released its first forecasts for the 2025/26 corn, soybean, and wheat crops (among others) and pegged production for the first two at massive levels. The soybean crop was forecast at a record 177.6 MMT, up sharply from the prior year and easily the largest on record due to expanded area. The corn production outlook was pegged at 138.6 MMT, down 1 percent from the prior year as farmers switched some acres into soybeans, but still the second-largest crop in history. While the production forecasts are already bearish enough for U.S. export and demand prospects, the patterns of CONAB’s forecast revisions are even more bearish. CONAB’s forecasts for soybean production have, over the past five years, genera...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
Crop Conditions-Argentina Corn Corn planting in Argentina has reached 47.3 percent of the projected 8.4 Mha, advancing 7.5 percentage points over the week and running 12.3 points ahead of last season, partly due to a larger early-planted area. Fieldwork gained momentum across western and southe...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.