GOOD MORNING, Trading ranges for heading into the December 10 WASDE report at 11:00 central time. Prices bounce as traders are expecting the trend of smaller carry-outs and smaller stocks to continue, but those small rallies now seem to be met with selling interest. New shorts are now entering at current tops. US farmers are said to have been good sellers of beans, while perhaps being around 60-65% sold in corn, returning as better sellers after the first of the year. December offers up choppy trading as a theme and does not disappoint. As to the report on Thursday, there are expectations that carry-out numbers could tighten further. Some expected trade ideas are that corn carryout may fall to 1.5...
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.