Trading during the overnight session turned much quieter in terms of price action and volume versus Sunday night and Monday. Prices traded both sides of yesterday’s closes, but they seldom strayed more than 2 cents. Today is the Fat Tuesday Carnival celebration in Brazil and throughout South America. However, the holiday did not dampen the debate as to how much potential soybean and corn production is being lost in Argentina because of the drought that does not appear to have an end. The day session was more active with soymeal again leading soybeans upward. New highs for the move were set by the March contracts of soymeal, soybeans and corn, which reached $371.60 (up $11.80), $10.135 (up 11.75 cents), and $3.685 up 1.5 cents), respe...
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.