GOOD MORNING, The wheat and soyoil markets took center stage this week advancing to new highs for their trading ranges. Chicago wheat continues to be a technical affair, as shorts continue to feel the pinch of higher prices and technical resistance fails to hold. This week's wheat rally can also be tied to the weaker US dollar, courtesy of the big money flows unwinding recent buy the US dollar/sell the British pound, among other currencies. Wheat and beans continue to gain on corn, which has put in rather compact trade after achieving its target high based off bullish formation patterns, and the Dec wheat/corn spread has rallied nearly 32c. While there is plenty of world wheat, the focus of the market...
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.