The CBOT was sharply lower at mid-week with USDA issuing a bearish long-term outlook late Tuesday and traders looking for bearish numbers from the agency later this week. The USDA’s Ag Outlook Forum will be in Washington, D.C. this Thursday and Friday and will offer the agency’s first look at its 2024 planting and 2024/25 balance sheet estimates. Traders are looking for bearish crop balance sheet projections in the coming reports, which sparked a good deal of preemptive selling on Tuesday. Corn, soymeal, and wheat all scored new contract lows while the soybean market broke technical support and dipped closer to its contract lows. Funds were net sellers for the day as that strategy has been wildly profitable for them and commerci...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
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.