The overnight trading session for grains and the soy complex opened with the backdrop of the biggest single-day decline of the Dow ever. It was not the biggest percentage loss, however. World stock markets were also trading down very sharply with most global stock indices giving up all of their 2018 gains. Grain prices were on both sides of Monday’s closes in relative calm and with small price changes even as the Dow futures gyrated downward again. The most visible impact of the wild and brutal stock market action on grain markets was the unusually large volume of overnight trade. Today was again volatile and scary for U.S. stocks. This morning the stock market opened 567 points lower and moved erratically up and down until finally s...
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.