The CBOT was mostly higher in pre-Christmas trade with soymeal once again leading the soy complex higher, though huge soyoil export sales supported that market. Corn and soybean futures both held onto yesterday’s technical gains, and the strong close on the weekly charts suggests next week’s trade is apt to continue to trend higher. Wheat futures were higher, though gains were mostly found in the KCBT market with new-crop CBOT wheat finding pressure from bear spreading. The weekly Export Sales report was bullish soybeans and neutral/bullish corn and wheat. Soybean sales and shipments once again exceeded their required weekly pace, as did corn and wheat sales. Exports of corn and wheat, however, fell short of their weekly...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.