While it’s easy to sit back now and wonder how markets could collapse so far so quickly, the fact is (was) that a full-blown summer drought wasn’t needed to create a bullish outlook.There was a movie released years ago called “Flatliners,” which was about a group of medical students who put each other into near-death experiences in an attempt to discover the meaning of life. Corn and wheat markets are now replicating that storyline. The soybean market could join them if it reaches its full yield potential based on this week’s Pro Farmer tour pod counts.Below are the December Chicago corn and wheat charts. There doesn’t appear to be anything left in the near future to pull prices out of this latest tailspin, which is supported by the followi...
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.