The soy complex opened higher this morning despite overnight news that China's latest PMI number was below 50 for the first time in two-and-a-half years. Egypt's GASC announced a wheat tender after the close under its standard terms. General Comments Markets were quietly lower overnight until the soy complex had a small pop higher early this morning. That trend continued at the opening today with soybeans trading 3-5 higher, corn steady to 2 higher and wheat 2-4 lower. There was not much fresh news to star the week. Saudi Arabia did reportedly buy 690,000 MT of EU, Australian and U.S. wheat. That seemed to be offset by some precipitation across the U.S. southern Plains, although amounts were very light and coverage only around 20 percent...
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.