General Comments Grain and soy futures traded higher overnight, and they tried to maintain that momentum today. It worked for a time, but the momentum was not strong enough to overcome technical weakness and some continued fund liquidation. By late morning corn and wheat turned down, and soybeans followed late in the session. Corn and soybeans finished with very small gains, but wheat was mixed. CME wheat closed mostly lower by fractions while KC wheat posted tiny gains. As Turnaround Tuesdays go, today's price action was pretty pale. In fact, it hardly qualifies as a turnaround, and it certainly does not provide much enthusiasm for the overnight session.The grain and soy markets largely ignored any positive vibes from outside markets. S...
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.