Following the USDA’s Ag Outlook Forum and the release of the agency’s initial 2025/26 outlooks, WPI has updated our major crop forecasts for the coming marketing year as well. Our latest model runs indicate a more bearish outlook for corn as ending stocks are forecast to increase 26 percent from the 2024/25 projection while soybean prices should see bullish influences from stocks that will likely fall below 200 Mbu. The wheat outlook favors a slight increase in prices as production will increase slightly and total wheat use should rise 2 percent to push ending down 4 percent lower. WPI Major Crop Forecasts WPI’s latest crop acreage model runs show a sharp increase in corn acres at the expense of soybeans...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.