General Comments Yesterday it was noted that there were buyers waiting at lower prices for the market to come their way. Increasing numbers of those prospective buyers today were more willing to accept slightly higher prices as corn, soybeans and wheat all erased yesterday's losses. The current buying is orderly and has not become aggressively competitive, but buyers do appear interested in securing product at current levels. This is a season when large speculators' interest seems to increase in spread trading.Large speculators' interest in spread trading may increase during the current time period because the importance of spread in the current season tends to diminish. As a result, inter-commodity spreads between grains such as corn an...
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.