GOOD MORNING, Prices were mixed for most of the session, with grains firmer against soy, but leaned lower into the close as the soy complex posted additional losses led by beans and soyoil. Grains are firmer. Corn and wheat spreads are also firm, while bean spreads have traded out to new lows. Buy grains/sell the soy complex trade dominates the space, along with more profit-taking in oilshare. The wheat market continues to trade with higher volatility as prices traded towards the $6.00 benchmark in March which touched off a round of profit-taking yesterday, and in the process placed a first corrective trade off the high. The $1.35 rally from the low of Sep. 3 to the high of $5.92 3/4 has been a consiste...
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.