General Comments It was another very erratic overnight session with wide price swings, especially in the soy complex. November soybeans traded as much as 16-17 cents higher during the night but were unchanged by the time the open outcry session started trading. Wheat was the leader higher all night and all day on news that Russia's ag minister said the government might have to consider export restrictions if domestic wheat prices continue to rise. It was also Friday, and this should be a very big harvest corn and soybean weekend. Of course, that meant talk about pre-weekend hedge pressure and that kept corn and soybean buyers close to home.Outside markets were not much of a factor. U.S. financial markets were slightly higher. Crude oil w...
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.