Corn had been trading unchanged to lower overnight, but the export sales numbers did bring some buying to this morning's opening.The collapse in the euro, Canadian dollar and Aussie dollar continues to make U.S. wheat struggle in world markets. General Comments Markets were relatively quiet overnight without much news around to finish the week. USDA's weekly export sales report, which was delayed one day because of last Monday's holiday, did change the tenor of trade. Corn export sales were a marketing year high and net soybean export sales were a marketing year low. That pushed corn higher and soybeans lower early in today's session.The crude oil market was basically stable today and is still hovering in the $45-47 range. The U.S. dollar...
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.