GOOD MORNING, Prices weakened further during the night session as major trends continue downward into the end of the month. Given the unknowns of the Coronavirus, the markets probably have to now work low enough to reflect lower demand as the world grapples with the economic slow-down of travel restrictions, delayed events, logistic problems, etc. France reported its first case as well as Brazil, while President Trump had a press conference about the virus and its impact in the US. The stock market is off another 360 pts this morning, with crude down to $47.23/barrel, making this another day of macro risk-off across-the-board selling. Funds remain very short meal, close to a record, accounting for yest...
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.