GOOD MORNING, Prices are higher this morning, with new contract highs in soyoil and beans approaching the top end of its trading range. Traders are watching closely to see if March beans can break through the $12.00 level. Drier than normal weather patterns continue across parts of Brazil and Argentina. Private crop estimates continue to be steady or show overall declines for beans and corn. The lack of US or SA farmer selling is allowing prices to firm as funds buy back some of what they tossed out a week ago. US farmers have sold an estimated 80-85% of the 2020 crop, which is limiting the amount of pressure as funds buy. Reasons for the rally include: Producers may wait to sell unt...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
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.