GOOD MORNING, Prices are lower on technical downside activity from yesterday's trade. Negative trade rhetoric continues between the US/China over the virus, and fund selling dominated Wed. trade, as end-users remain patient. Wheat is leading to the downside hitting new trading range lows post report on bearish data as well as better global crop weather. Beans broke on trade tension talk and despite the fact that China has made purchases over the last several weeks. Corn continues firm against both beans and wheat, as funds already hold a 225K short position, and charts have turned sideways. Crush took a bounce higher yesterday as bean weakness vs. steady product trade helped margins. S...
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.