THE OPEN: November beans: 4 1/2 higher December meal: 1.40 higher December soyoil: 17 higher December corn: 5 higher September wheat: 4 higher The markets opened as expected but a buy corn/sell bean trade quickly emerged as a day trend. The soy complex values turned mixed which was surprising after the recovery trade from the PM session. Trade was choppy as prices stayed in current trading ranges, but weakness in energies with crude falling to $56.97/barrel weighed on soyoil prices, with oilshare turning lower. Weather over the next 3-5 days is going to be extremely hot with some rains in the northern and southern belt, but dry in the heart 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.