Wheat – particularly KC HRW futures – rose today on continued drought/heat for the Southern Plains states while corn and soybean futures were largely unchanged. Soymeal and soyoil took diverging paths today, with the former rising and the latter erasing much of yesterday’s gains, leaving the soy complex’s path forward uncertain. Cattle futures were sharply higher today while the hog market continued its bearish plunge. USDA’s Export Sales report was postponed until tomorrow due to the Federal government’s shutdown for snow in D.C. yesterday. The Fed’s decision to increase interest rates was met with the expected negative reaction from Wall Street today. The Dow is down 287 points (down...
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.