GOOD MORNING, Prices are higher across the board this morning as more technical buying continues in beans, wheat, and soyoil, and short-covering in corn. Export sales will be delayed until Friday, at which time we also will get the very important January 10 WASDE final, along with Quarterly stocks. Here are the advertised guesses in front of that report: CORN: US 2019 Corn: Production: 13.5 bln bu vs. 13.661 bln bu in Nov. Ending stocks: 2019/20 at 1.7 bln bu vs. 1.9 bln in Dec. Yield: 166.2 bpa vs. 167.0 bpa in Nov Harvested: 81.35 mln acres, down from 81.815 mln acres 2019/20 Argentine corn production is estimated at 49.6 mmt, vs. Dec at 50.0 mmt. 2019/20 Brazil corn productio...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
From WPI Consulting
Illuminating the value of technical research
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