Today’s market action gave further signs that the seasonal price rally is underway. In the last two days, the November soybean contract has gained 14.25 cents. December corn is up 7.75 cents, and Chicago December wheat is 9 cents higher. General Comments Unexpectedly heavy trading volume was the main feature of the overnight session. The trade count in both soybeans and corn was more than twice as large as the Monday night session. Despite the heavy volume, grain and soy prices did not move far away from Tuesday’s closes. Some of the overnight volume involved spreading, and part of the buying interest was no doubt in anticipation of a seasonal rally that often occurs as the U.S. corn and soybean harvests wind down. Grain and soy prices be...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.