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feed-grains soy-oilseeds wheat

Market Commentary

Active overnight trade pushed the CBOT higher with corn up 6.75 cents, soybeans up 7.75 cents and Chicago wheat up 8.5 cents before the morning session’s open. The catalyst for this was, of course, USDA’s confirmation yesterday afternoon that the current corn crop is the most delayed in history. The combination of that and a persistently wet forecast for the coming week was hardly good news for farmers or the market. The overnight session gave way to massive trade volume today that saw nearly the entire CBOT trade sharply higher early in the morning. The market’s early strength encouraged a large wave of farmer and fund selling that pushed prices off the day’s highs. The selling was so strong, in fact, that soybeans...

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WPI Crop Progress and Conditions App (Updated 16 September)

Update for 16 September 2019:  Data is updated through USDA's latest report.  The app contains a large volume of data, so please be patient while it loads.  Also, if you have any feedback about the app, we're always appreciative of thoughtful suggestions! ...

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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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