In overnight futures trading, the grains were a bit firmer with soybeans hovering on either side of unchanged. The only news of consequence was a sharp, unexpected decline of the U.S. dollar versus sterling and the euro. The EU sent some sort of a finalization date in late November for Brexit, which caused both of those currencies to rally. Wheat and corn prices have traded in reverse lockstep with the U.S. dollar in recent days, moving lower when it strengthens, and we guess its sharp drop today helped put those futures into the green. However, what a difference a day or, in this case, a tweet makes! The much bigger macro influence came in the form of a tweet from President Trump about 9 a.m. (EDT) that suggested progress was being made i...
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.