Having dropped more than 50 cents from recent highs, the wheat market is sending bearish technical momentum signals that seem likely to continue. The corn market appears poised to do the same, and the soybean market may join in as well in the foreseeable future. General Comments Outside markets generally were weaker. Stocks slipped lower with the Dow off 55 points. However, with two trading days left, U.S. stocks appear certain to post another nice gain in 2014. Currently, the S&P is up 12.6 percent and the Dow is up 8.5 percent for the year. The U.S. Dollar Index is slightly lower. NYMEX crude oil fell below $53.00 but recovered enough to close with little change.Overnight trade in grain futures saw prices for corn and wheat slip low...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.