GOOD MORNING, Macro markets are front and center stage again, with the big story that of sharply lower crude oil, which sinks to $27.34/barrel in the PM session as the US dollar drops to 94.72. The inability of oil producers to agree on a cutback is adding worry to already weakened markets, as over-supply concerns continue. Demand for energy is falling as people cut back on travel. Palm oil prices were sharply lower following crude and Asian markets. Though all prices are lower in the soy complex, it is sharply lower oilshare that is the key feature, as meal falls but soyoil prices drop even more due to the plunge in crude. Global markets are sharply lower starting with Tokyo, which was down 6.2% and Ho...
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.