GOOD MORNING, Prices are lower this morning led by soyoil futures, which have sharp losses due to weaker palm oil. Weaker outside markets come into play as well, providing spill-over weakness. The catalyst for lower trade is focused again on the Coronavirus, as new tallies confirm a much higher death rate than previously reported. March beans nonetheless managed to post a new high for the move up and away from trading range lows off $8.70, while meal prices congest off their contract lows. Bull-spreads continue to impress for beans, with July/Nov narrowing, and the domestic bean basis continuing a firmer trend. March contract liquidation and position - evening are likely to dominate the balance of the...
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.