GOOD MORNING, Prices are higher with Chicago wheat posting new contract highs, while other markets are entering into a good bounce as well. There were seven states that updated their winter wheat conditions through Jan 3, and compared to previous years only two states are off to a better start. World wheat prices are rising, with Russia's APK-Inform seeing higher prices on the back of a solid week of export demand. Higher prices were also noted for Ukraine. The Jan./Feb. timeframe is typically one that offers a more bearish seasonal for beans as Brazil can begin an early harvest. This year, with a late planting schedule and dry early conditions, harvest may be pushed back allowing for a contra-seasonal bounce to oc...
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.