Note: The CBOT/CME markets are closed Monday, 5 July 2021 for the U.S. Independence Day holiday. CBOT trade was expectedly quiet heading into the long U.S. holiday weekend and ended mixed for the day. Corn settled lower with profit taking and more renewable fuels policy drama while soybeans settled higher with strength from new contract highs in canola oil. Wheat futures finally seemed to decouple from the corn market and trade their own fundamentals, which meant lower trade to end the week. The D.C. District Court overturned a Trump-era rule that allowed E15 gasoline sales year-round in the U.S. The ruling is bearish ethanol consumption and corn use by the industry and revives concerns the refining industry is renewing effort...
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.