GOOD MORNING, The charts continue to throw off bullish technical signals, so the funds are buying the open and running with it. The continuing reports of Chinese business has its corollary year based in 2016, also a very big bean buying year that saw the bean/corn ratio strengthen throughout the fall into December. The ratio, which traded over 3.1:1 that year, did not correct until Jan. 2017, when Brazil's production seemed to be big. China continues to buy beans and corn as it hits the perfect storm of a corn stocks depletion on the back of adverse weather, as well as rebuilding its pig herd which was decimated by ASF. This year, harvest supplies are in question as undoubtedly big purchases of beans continue to cross th...
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.