Wheat was the star of the CBOT today, posting 5-cent gains in SRW and HRW contracts. You know it’s a slow week when a 5-cent gain is the most interesting thing that happened. Soybeans and corn were lower amid good harvest weather forecasts for the coming weeks as well as improving conditions in Brazil. The WASDE continues to be the market’s focus with this month’s figures likely to be the effective “final” numbers for crop yields. USDA may make some adjustments in its December report, depending on how harvest goes, but those revisions are likely to be minor. Outside markets were mostly higher with the Dow extending its recent rally and the S&P 500 retreating to mild losses after posting another early...
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.