The CBOT was mixed and primarily focused on the weather – both in the U.S. and Brazil – on Tuesday. The most recent Crop Progress report offered support to the wheat markets, as did this week’s forecast for wet weather across the northern Plains and parts of the SRW-growing region. Corn futures traded both sides of unchanged before settling higher in late-day trade while old crop soybean ended lower as soymeal values dropped sharply. Soyoil, however, posted its highest settlement value on a rally in crude oil and palm oil futures. Funds are thought to have bought some 4,000 contracts of wheat and 8,000 contracts of soyoil on Tuesday while selling 3,000 contracts of corn. Funds were also net sellers of 10,000 contracts of...
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.