Confirmation of a 300,000+ MT sale of soybeans to China, plus rumors of continued interest from Chinese buyers, put a bid under the CBOT on Monday. Corn futures were the upside leader with stronger crude oil and spread trade lifting the market above resistance levels and triggering buy-stops. Soybeans were higher without corn’s enthusiasm and are still under technical resistance at $13.00. Cash markets are reportedly tightening even as the U.S. harvest picks up speed and traders are working with ideas that corn and soybeans have already scored their seasonal lows. The market is looking forward and preparing for Thursday’s Grain Stocks report from USDA, which will likely create more sideways/range bound trading as the week goes o...
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...
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.