GOOD MORNING, Prices are mixed today as higher energies add support to corn and soyoil. Soyoil futures are higher, but the basis is falling apart, as lack of rail storage continues to plague the industry. Illinois soyoil basis now trades below a year ago, and below the 5-year average for this date. Wheat prices are lower after making a comeback yesterday as rains arrive to relieve European wheat, and US crop progress indicates that the crops are in good shape. Beans bounce in step with firmer soyoil. Chatter had it that crops had gone into the ground at a faster pace than average, confirmed by the crop report yesterday. Beans continue to suffer from China out on holiday, (back on Wed., but probably moni...
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.