Talk that Ukraine was trying to double its corn exports to China in the next year plus the strong U.S. dollar brought more fund selling to corn today. Meanwhile, there was mixed news out of South America about soybeans. General Comments It was a quiet night trading session that ended mixed this morning. A U.S. jobs report was better than expected and drove the U.S. dollar sharply higher. The U.S. dollar has now rallied 15 percent against the euro in the last six months. That strength seemed to give the funds more courage to sell wheat and corn to end the week. Soybeans also spent most of today lower but rallied at the close to finish about even. May soybean futures dropped about 40 cents for the week with May Chicago wheat down more than...
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.