GOOD MORNING, Prices begin the day mostly lower as forecasts begin to show agreement among weather models that there will be a good rain event after this brief dry spell. Wheat prices drop to the recent lows posted on yesterday's break, with corn dropping down to its current pullback low as well. Wheat harvest continues in the US and rain in parts of Europe dropped Matif prices to three-month lows, which spilled over into US markets. Kansas reports from southern counties indicate that harvest continues to show above average yields. US wheat will become more competitive the lower prices go. Soyoil futures are lower following a lower crude oil market, while meal is firmer as traders book profits on the recent ri...
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.