Overnight trading was slightly weaker as the selling continued after yesterday’s disappointing close. Positions are being liquidated as summer weather forecasts improve, despite the fact that corn and soybeans are in rough shape across much of the U.S. The day session featured more of the same with weaker grain prices and soybeans up slightly on better soyoil prices. Mild optimism for Chinese soybean demand also helped keep soybean futures higher today. Broadly, however, exports remain a headwind for most ag commodities, and the U.S. dollar’s sharp rally today is not going to help. Cash corn and soybean prices are weaker across the Corn Belt as old crop farm sales are increasing slightly. The steady maturation of the 2019...
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.