Markets ended the year mixed on extremely light volume. Corn and wheat futures were 1-2 cents lower much of today’s session, and soybeans traded both side until turning higher mid-morning. Weekly export sales were smaller than expected for soybeans (974,000 MT), good for corn (1.245 MMT) and so-so for wheat (478,000 MT), but it should be noted that this was for a holiday-shortened period. There were no sales announcements today. Markets will not reopen until 9:30 a.m. (EST) Tuesday morning. The only news today was the warmer, drier weather forecast into mid-January for most of Argentina. That coupled with some year-end short covering generated the mini-rally in the soy complex. It’s interesting to note that corn futures fini...
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.