It was Turnaround Tuesday at the CBOT with talk of U.S. inflation and continued weather issues for the Brazilian safrinha corn crop offering support. Corn posted the most bullish day due to the Brazilian weather issues, tightening U.S. stocks, and strong U.S. basis. Wheat followed corn higher but was mostly in consolidation mode while soyoil rallied on strength in the broader energy sector. For the day, soybeans seemed to follow soyoil higher with limited enthusiasm. The Goldman roll will continue through tomorrow, which will influence spread trade and shift volume from May to July futures. For the day, funds are thought to have bought 12,000 contracts of corn, 8,000 contracts of soybeans, and 5,000 contracts of wheat. Funds also bou...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.