GOOD MORNING, Charts feature a gap-lower open in corn, beans, meal, and wheat this morning as global markets continue to be impacted by the spread of the coronavirus, with negative spread trade as well. Asian markets are closed for the Lunar New Year celebrations for this week, with the gov. extending its Lunar New Year holiday by 3 days to Feb 2. Total number of confirmed cases in China are 2,744, with 81 deaths. All the market saw red on Friday, as funds entered a round of selling across the board, and this morning global markets are lower in what appears to be a risk-off macro day of selling across the board, which are over-flowing into the Ag space. Traders continue to hunt for signs of Chinese business,...
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.