THE OPEN July beans: 1 higher July meal: .40 higher July soyoil: 2 lower July corn: 1 1/4 lower July wheat: 5 1/2 lower The board opened today with an air of caution and mostly quiet activity as traders prepared for what the USDA would have to say at 11:00 central time. The expectation for a bearish corn report spilled over into beans despite an opening sale to China. Production projections for corn were based off the March Prospective Plantings and acreage expectations. That acreage was put at 96.99 mln for corn, using a 2020 yield of 178.5 bpa, and production at 15.9 bln bu. Over the last twenty years, the final planted corn acreage decreased over 3 mln acres only once from March inten...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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...
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.