General Comments Soybean futures continued to roll higher today, with gains exceeding 30 cents a bushel at one point during the session. Corn didn't punch nearly as much today as they did last Friday, even in the May and July contracts. Mpls wheat was higher all day while Chicago and KC showed double-digit losses most of the session. The strength in corn and soybean was residual from Friday's stocks and acreage estimates. Soybeans need to drag some acres away from corn. There was also more soybean-related export business announced by USDA this morning: 120,000 MT of old crop soybeans were sold to China and 120,000 MT of soymeal were sold to "unknown." There were no other export sales announcements.There was also some positive news abou...
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.