GOOD MORNING, The adverse reaction to the headline that the trade negotiations could be pushed back to December played out with heavy selling pressure yesterday, resulting in new trading range lows for corn and meal, and a push to the lower end of the bean trading range. Also providing some pressure was the Brazilian Real, which was 2% weaker inducing some farmer selling. Good commercial pricing activity in meal and corn was noted as funds sold into commercial hands yesterday. This morning beans are higher as Reuters reports that China has indicated it has agreed with the US to cancel the tariffs in phases. The proportion of tariffs on each side will be cancelled together, and the time frame for such an...
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.