GOOD MORNING, Prices are higher this morning with everything in the green. Commodities are higher with stocks up following Monday's late session advance on expanded liquidity in the US announced by the Federal Reserve, and ahead of reports that US Sec. of State Mike Pomeo would meet with a Chinese delegation in Hawaii Wed. The Chinese delegation would be headed by Yang Jiechi, a state councilor and politburo member of the Communist Party at the Hickam Air Force Base, according to Reuters. As pertains to Ags, crop progress reports showed a more-than-expected decline in corn ratings, and with dry weather over the next 7 days, it forced traders to add back a bit of weather premium. Trading ranges continue, with...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.