GOOD MORNING, Prices this morning begin slightly lower for everything but soyoil on profit-taking and better than expected ratings for corn and beans. Oilshare is firmer after seeing a round of profit-taking last week. Traders are buying soyoil/sell meal this morning. Pro-Farmer feedback is that corn yields are not as large as current USDA estimates. Analysts are striving to figure out the impact of the derecho on corn and beans in Iowa. Corn ratings in Iowa fell 10% in the G/E category, while Illinois was 3% lower. Results include South Dakota corn yields at 179.2 bpa vs. 154.0 bpa year ago, and the average of 160.0 bps. Bean pod counts in SD are at 1,250.9 pods /sq ft, vs. 832.9 year ago. &...
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.