Grain and soy markets are well into the waiting game for Friday’s USDA reports, and this shows up in the form of light volume and limited price action that was apparent again during overnight trade. However, a few trends persist. Grain prices continue to gain against soybeans, and soyoil continues to gain against soymeal. The grain versus soybean trend seems to assume another large South American soybean crop. This would likely be vulnerable if perceptions of weather-reduced soybean production develop. The soyoil versus soymeal trend reflects the expected larger draw on U.S. soyoil supplies as domestic biodiesel production expands to replace imports in meeting Renewable Fuel Standard (RFS) requirements. While more stand-alone, that so...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.