After two months of bearish reports, there was a general feeling that USDA’s October WASDE, released today at noon (EDT), would add to that trend with even higher yields and production for U.S. corn and soybeans than the already huge September estimates. Moreover, USDA had to factor in the larger carry in stocks (indicated by the 1 September quarterly stocks estimates) that would almost certainly lead to record-large total supplies. Well, the October WASDE gave the market some of what it expected but not quite all. Corn, soybeans and wheat futures all traded higher in the immediate aftermath of the report as its tone was not as bearish as feared. USDA harvested most of its test plots for today’s production estimates, but those n...
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.