CBOT row crop futures traded a quiet day with little news to elicit excitement ahead of the Prospective Plantings report. CME livestock futures, on the other hand, continued into negative territory on signs of widespread position liquidation. For crops, the weather is turning more favorable around the world, including Argentina and the U.S. Plains, but with the risk premium already dissolved in most markets, there is little reason to continue a massive push lower. Outside markets are largely higher today but did not hold much influence on ag futures. U.S. equities were higher this morning but quickly turned negative once the Federal Reserve said it would raise interest rates again. The U.S. dollar index is down 49 points and back bel...
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.