U.S. financial markets traded to new highs today, but did back off those peaks by mid-morning. This has been the biggest five-day rally since 2009. Like corn, wheat seemed to be at the mercy of what was occurring in the soy complex. General Comments Markets were quiet overnight in light volume. The soybean market, however, changed that trend early this morning when another round of fund buying, although in light volume, appeared. It was then off to the races with January soybean futures trading as much as 20 cents higher at one point. Wheat and corn tried to follow the soy complex, but on a much more muted scale to end the week.Options against the December futures contracts expired today.Next week is holiday-shortened in the U.S. Markets...
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.