GOOD MORNING, The markets will open mixed but not before corn, soyoil, and beans post new contract highs. The bull markets continue on the back of continued dry weather in SA, which puts beans into further rationing mode. However, the markets remain overbought and soyoil and wheat are solidly lower. Chinese Ag futures are also higher for beans, corn, and meal, as US prices tag along for the ride. Oilshare sees profit-taking heading into the shortened week, while traders are back to selling wheat against corn and beans. The Argentina strike continues with more ships waiting to be loaded, with sources saying that as many as 170 ships are in line. The government called for a meeting on Tuesday to neg...
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.