GOOD MORNING, Fund position leveling is now taking place into the June 30 Quarterly Grains Stocks report as they remain short everything except soyoil. Funds are using market setbacks to lighten up on short positions on friendly bean and corn seasonals (which usually bottom this time of year), trade talks in October, and two upcoming USDA reports. Meanwhile, traders continue to search for signs of new business as US beans are at a discount to Brazil and Argentina. Brazil is coming to the end of their marketing year, and as such could soon run out of exportable supply. The Brazilian growing season is off to a delayed start creating the possibility for the US and South America to have back to back lower product...
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.