GOOD MORNING, Prices are lower across the board this morning. The corn market had its best close since November, finally clearing multiple tops to post new highs on short-covering. Funds purchased an estimated 15K corn contracts yesterday but are still 120K short in the futures/options combined category. Rumors of corn business and the fact that it remains highly competitive over the next 6-8 weeks continues to put a positive spin to price. Cash was steady with spreads continuing to firm. July/Dec corn traded to even overnight. Beans cycle lower with China purchasing a total of 9.8 mmt of US beans this marketing year to date, with unknown for another 3.9 mmt. The Chinese gov. has yet to announce 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.