World Perspectives
soy-oilseeds

WASDE Soybeans

USDA’s projection for U.S. soybeans is for 2023/24 ending stocks of 350 million bushels, up 15 million from 2022/23. Global 2023/24 ending stocks are increased 0.8 million tons to 123.3 million with higher stocks for the United States, Brazil, and the EU being partly offset by lower stocks for Argentina and Vietnam.  The weighted average U.S. farm price of soybeans in 2023/34 is projected to be $12.10 per bushel, down from $14.20 in 2022/23.  The simple average price of soymeal, 48 percent protein in Decatur Il., is projected to be $365 per U.S. short-ton, down from $445 in 2022/23.  The simple average price of crude soybean oil in Decatur Il., is projected to be 58 cents per pound, down from 64 cents 2022/23...

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feed-grains soy-oilseeds wheat

Summary of Futures

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feed-grains soy-oilseeds wheat

Market Commentary: Turnaround Tuesday for Grains; Soybeans Sag; New Highs for Cattle

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.13/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.0025/bushel, up $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.065/bushel, down $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $274.3/short ton, up $0.2 fro...

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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.

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