THE OPEN Nov beans: 6 lower Dec meal: 1.10 lower Dec soyoil: 2 lower Dec corn: 2 1/2 lower Sep wheat: 6 lower The markets opened as expected but sold off rather quickly with wheat futures leading the way down. The gap-open PM session high was followed by a lower AM session close which led to profit-taking by the corn bulls from the outset. Weaker wheat prices dominated as harvest continues in HRW and spring wheat ratings are expected to remain good. Rains from Barry are making their upward through St. Louis, which was price negative, offset by heat expanding towards the middle of the week. At 10:00 export inspections were released as follows: beans: 854,373 tmt...
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.