GOOD MORNING Prices are lower on profit-taking heading into the Thanksgiving holiday, even though good demand and adverse weather continues. As to demand; corn exports are ahead of last year's pace by 143 mln bu vs. 132 mln bu week ago, with beans ahead by 368 mln bu vs. 358 week ago. Wheat continues to struggle on rallies with Russia's world wheat values falling as demand slows, and wheat exports just slightly ahead of last year as compared to corn or beans. Matif wheat and corn values are lower this morning. Funds are now long an estimated 300K contracts of corn, 250K beans, and even wheat, and length is creating today's down-draft. Each of the markets need some sort of pullback, particularly beans a...
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.