Commodity traders should be grateful they are not equity traders. The broader economy presents less certainty than agricultural balance sheets that will take time to rebalance. Russia is trying to exploit food insecurity by offering to allow Ukrainian exports provided sanctions are dropped. Western leaders are unlikely to do this deal with the devil. Buyers are currently quiet, perhaps waiting to see how far the floor will drop and today’s trading session suggests not much more. Although wheat made it a two-day slide and the major classes are now down 80+ cents from earlier highs, corn and soybeans rebounded. Even after a two-day 77 cent fall in July SRW, the contract is still up nearly 22 cents over the past five trading sessi...
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...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.