Key Takeaways:
WPI’s 2025/26 corn export models continue to reflect strong international demand and put the total marketing year volume slightly above USDA’s estimates. Strong old crop corn exports are offset by weaker feed and residual use, leaving ending stocks slightly elevated. New crop corn supplies are forecast below USDA’s July estimates while our demand outlook is similarly reduced, leaving ending stocks very similar to 2025/26 levels and suggesting forward pricing stability. The U.S. 2025/26 soybean balance sheet has potential, in WPI’s view, to loosen a bit in the upcoming WASDE, though the current price rally will boost the farm-gate average price. The new crop soybean outlook is bifurcated into two...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
