The markets expected an explosive Sunday night market following the great news about the Saturday meeting between Presidents Trump and Xi that has led to a 90-day truce on implementing new tariffs and also promised significant commodity purchases by China. Markets instead took a much more measured approach. Soybean futures were 25-29 cents higher at the opening Sunday evening, but that was the session peak. Corn opened 7-8 eight cents higher with wheat up 12-13 cents. The markets backed off from those highs quickly when no additional major buying surfaced. Soybeans then traded 15 cents or so higher the rest of the night with corn and wheat up 3-4 cents and 5-7 cents, respectively. There were no fireworks at today’s opening either. It...
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.