Markets paused today to reassess the probable outcomes of the U.S.-China trade war. Corn and wheat found some buying support while soybeans remained on the defensive. Beyond political effects, the fundamentals are hardly a concern for the soybean pit right now, with technical selling and trade-war fears overruling thoughts of equilibrium-prices. Yesterday, the IMF approved a $50 billion bail-out for Argentine intended to help stabilize the peso and bolster the economy. The Argentine dollar moved slightly higher today in response to the news. USDA’s Export Sales report today was largely neutral for corn, soybeans, and wheat, with a bullish lean for the row crops and a bearish tilt for wheat. YTD exports for corn and...
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.
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...