GOOD MORNING, Prices are mixed, higher wheat and soyoil, in what appears to be trading ranges from the top. The higher equities market seemed to be the focus of the day yesterday, robbing the ag markets of their upside trends. Wheat futures were lower on the higher US dollar and rising freight costs, which makes US wheat uncompetitive and in need of searching for that level that sparks demand. Today, short-covering lifts wheat from its lows as major support is tested. Wheat is also following the Matif wheat market, which placed eight-year highs. Wheat also finds support from lower ratings in Kansas, Oklahoma, and Texas wheat after the extreme cold weather last week. Of note is that Rus...
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.