GOOD MORNING, Prices started the PM session mixed to higher but turned lower by the early hours. A neutral crop progress report and more rainfall over drier portions of the Midwest created a bit of profit-taking at recent market highs. Traders are beginning to position - square in front of Thursday's June WASDE report, which will be released at 11:00 Chicago time. Wheat futures weaken as harvest continues in the US, with about 7% of the crop done so far, in line with the five- year average. WEATHER --Rains move up across the Midwest courtesy of tropical storm Cristobal. The western Great Lakes region will see heavy rains, while the eastern belt state of Eastern Ill, Ind., and Ohio could mis...
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.