Markets finished the Sunday night session with corn and soybeans down 3 cents, while wheat markets were mostly steady. They opened almost exactly at those levels this morning, but corn and soybeans were trading near unchanged in the first half hour before turning lower again as the session proceeded. Markets closed at 1:05 p.m. (EST) today for the Christmas holiday and will not reopen until 9:30 a.m. (EST) Wednesday morning. Today’s volume was less than half a normal trading day, and it is usually remains light into the New Year holiday. U.S. equity markets were also getting slammed again today. Crude oil was down more than $1.70/barrel, and the March contract dropped below $44. The U.S. dollar was also weaker. Most U.S. government...
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.