Much of the world has been enjoying the May Day holiday, which probably limited overnight trading volumes. Overnight futures prices found soybeans and wheat trading a bit lower, while corn hung around unchanged. Trading during the day came under the influence of diverse weather conditions and forecasts, and it was thus more active in terms of volume and price action. Chicago and KC wheat futures turned higher shortly after the day session opened as less-than-favorable weather headed toward important wheat-producing regions. Besides the U.S. Plains drought, dry conditions were forecast to continue for Russian and other Black Sea wheat areas to be accompanied by increasing heat. Most of Australia is forecast to remain dry into mid-May, causin...
Eid Al-Adha will be celebrated in the Muslim world from 27 to 30 May 2026. The actual dates vary by country. Governments, banks and businesses will all be closed during this period. Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s government reports tha...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
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.