The CBOT turned higher on Monday with positive export data from USDA and a healthy dose of bottom-picking and pre-holiday short covering driving the upside action. Corn was the upside leader for the day as export shipments remain strong with foreign buyers and end-users picking up the purchase pace on the recent dip in values. Wheat followed corn higher, but soybeans found mostly separate support, due to technical factors. Soybeans saw support from oversold technical conditions and traders looking to pare back short risks heading into the two holiday-shortened weeks. Even livestock futures got in on the bullish action with the Cattle on Feed report pointing to still-tight supplies for 2026 and the hog market expecting bullish numbers from T...
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.