It has been largely overlooked amidst all the focus on the U.S. corn and soybean crop prospects, but the August WASDE is likely to also contain some other interesting changes affecting various supply/demand balances.The August WASDE is always one of the most intently anticipated of USDA’s monthly supply/demand analyses in any crop cycle. Primarily, this is because it contains USDA’s first yield and production estimates for the upcoming U.S. corn and soybean crops based on actual field surveys rather than on statistical yield trends. Ever since planting began last spring, those crops have faced a wide variety of often unfavorable weather conditions that have also varied widely among the different regions where they are produced.In the month...
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.
There are plenty of major headlines moving across the markets today, but the reaction beneath them remains cautious. Crude oil is holding steady despite reports of progress involving the Strait of Hormuz, corn and soybeans remain tied to changing weather forecasts, and wheat continues to weigh...
Key Takeaways: Sugarcane is the world’s largest crop by total production volume, surpassing major commodities such as corn, wheat, and soybeans, and supplies roughly 80 percent of global sugar production. Sugarcane’s perennial growth cycle allows farmers to harvest multiple crops f...
Russian Grain Markets: 27–31 July 2026 Russian grain prices declined sharply during the week under review as new-crop supplies entered the market and demand weakened. Corn and barley prices declined, while both milling and feed wheat and rye experienced larger losses. The harvest campaign...