WASDE Corn – USDA’s latest November estimate for the 2024/25 season is a decrease in U.S. corn ending stocks to 1.938 billion bushels. The season-average corn price received by producers is unchanged at $4.10 per bushel. Global coarse grain production for 2024/25 is forecast to be slightly lower at 1.5 billion tons and world corn ending stocks are down 2.4 million to 304.1 million metric tons. ...
Energy: Fewer Routes, More Pressure Brent crude is back above $100, while WTI has closed higher for seven consecutive sessions as multiple supply routes come under pressure and the market runs out of workarounds. U.S. forces destroyed five Iranian crude-oil carriers Tuesday after Iran attempted...
Key Takeaways: Sunflower oil is a major global vegetable oil despite its relatively limited presence in the United States, with sunflowerseed containing substantially more oil than soybeans. Russia and Ukraine sit at the center of the global sunflower oil market, together accounting for 57 per...
Russian Grain Markets: 31 August – 4 September 2026 The Russian grain market continued its bearish trend during the first week of September, with ample stocks and weak demand keeping pressure on prices. At the same time, Russian exports are undergoing a structural shift as traders increas...
Beef packer margins declined to $199/head last week, down $60 from the prior week as the Choice cutout retreated while fed cattle prices were steady. The cutout fell nearly $8/cwt to $374/cwt, while fed cattle held near $219/cwt, narrowing packer spreads after their sharp August recovery. Despi...
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.