The wheat market continued to work its way higher while corn and soybeans retreated lower after yesterday’s gains. Nobody seems to know where the wheat market top lies, but there is a general consensus this isn’t it. Some analysts believe the market could rise another $1.50-3.00/bushel, but others think $1.00 gains are more realistic. It’s markets like these where fortunes are won and lost, so it will be interesting if nothing else. President Trump generated additional selling in the soybean market this afternoon with a statement that it would provide an update on the China tariffs. The statement also said the U.S. would “continue to hold China accountable” for unfair trade practices. Soybean futures wer...
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.