GOOD MORNING, Grains continue to weaken vs. the soy complex as the soyoil market remains higher on technical and fundamental merit. Traders continue to buy soyoil on tighter supplies, higher crude and canola, while selling meal. Argentina sells meal as they are under US prices, while stories about expanding ASF are troublesome. Inverses remain firm with US domestic cash values remaining strong. Trading ranges continue sideways as we await the Feb 9 WASDE report, and end of month March 1 stocks and Planting Intentions. The US is exporting a lot of corn despite competition from Argentina, but export sales today were light, which sent prices to a low end close. With net selling of an estimated...
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.