GOOD MORNING, Prices are mixed this morning with weakness emerging in wheat but supported elsewhere on the board. More talk of China buying and a bid under energies helped to keep soyoil values buoyant at the bottom of recent ranges. The barbs between China and the US continue, but the phase deal continues to move along trying not to let the words murk up the goals. Corn is firmer with an article by Fitch Solutions stating that corn prices would outperform soy, wheat, and rice over the next six months on a total return basis driven by a rebound in ethanol demand and a tightening supply. WEATHER --Northern Plains will see a limited amount of rain that could help places to finish planting. In 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.