The soy complex opened higher this morning despite overnight news that China's latest PMI number was below 50 for the first time in two-and-a-half years. Egypt's GASC announced a wheat tender after the close under its standard terms. General Comments Markets were quietly lower overnight until the soy complex had a small pop higher early this morning. That trend continued at the opening today with soybeans trading 3-5 higher, corn steady to 2 higher and wheat 2-4 lower. There was not much fresh news to star the week. Saudi Arabia did reportedly buy 690,000 MT of EU, Australian and U.S. wheat. That seemed to be offset by some precipitation across the U.S. southern Plains, although amounts were very light and coverage only around 20 percent...
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.