The CBOT started the week higher in modest-volume trade. Trading volume has been limited following the November WASDE as market participants have turned to closely watching demand signals, rather than the more volatile supply-side factors. The soy complex was the upside leader today with soyoil firming from the start. Corn dipped lower after the open but rallied on rumors of China export business. Wheat futures broke lower but struggled to hold those losses as the corn market moved higher. After mid-day, wheat sellers had given up and the market settled higher. Funds are thought to be net buyers in corn and soybeans by 3,000-5,000 contracts and likely bought some 1,500-2,000 contracts of wheat. Weekend rains in Brazil were insufficient to...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.