GOOD MORNING, Prices remain well bid overnight with higher oilshare again dominating price action and beans climbing over corn. Crush continues to struggle, with oilshare still supported on biofuel demand. Spreads and flat price all recover in overnight action. Wheat is up the least, with Egypt's tender drawing the lowest offer from Russia, without a purchase as of yet. Beans are higher on the back of the last March 31 report, even though Brazil bean export prices continue lower on the lack of Chinese purchases. The next set of data will come from the April 9 WASDE report, and for now it appears that prices will climb in front of what is expected to be a friendly data. Traders wonder if USDA will...
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.