Signs indicate that demand for old crop corn remains brisk, and corn exports are holding to a level that appears to justify USDA's latest estimate of 1.75 billion bushels. General Comments There are some interesting dynamics involving grain and soy futures price action so far this week. After the long weekend, grain and soy markets took a lashing on Monday. Since that day's close, however, CME July wheat is up 7.25 cents and July corn has gained 15.75 cents, but July soybeans have dropped 22.5 cents. In that same period, November soybeans have gained less than 4 cents, a modest change, but at least a positive one compared to sinking old crop prices. In other words, the grains have rallied back to recapture some of Monday's losses, but old...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.