General Comments The U.S. government was on holiday today. There were no USDA reports, including weekly export inspections, weekly crop progress numbers, or any potential export sales announcements. All of those reports will be released tomorrow. The October USDA crop production and supply and demand revisions will be released Thursday morning, 11 October. All of this, coupled with fairly stable outside markets, gave us boring and mixed grain and oilseed markets last night and today. Wheat was higher most of the session while corn was lower most of the session. Soybeans moved back and forth from down as much as 8-10 to up as much as 8-10. Crude oil was again sharply lower early this morning, but those losses moderated to 40-50 cents a ba...
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.