General Comments The soybean futures market is like a runaway truck. You can analyze and dissect its movements all you want, but if you stand in front of it, you do so at your own risk. More outside money flowed into the soy complex in the overnight e-session, pushing prices higher again and bringing corn and wheat along for the ride. This pattern continued during the day session until the soy market pulled corn and wheat prices high enough to spark technical buying of their own. The market was further supported by huge weekly soybean export sales and signs of fresh export demand for wheat. Corn's export sales were middle-of-the-road, and although it came close, May corn did not break through upside resistance at its 200-day moving avera...
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.