General Comments The soy complex started the week on a lower note Sunday with corn and wheat markets steady. Overnight volume was moderate. Soybeans were still suffering the hangover from last Friday's sharp losses following private crop production estimates that pointed towards a yield increase in this Friday's USDA WASDE and crop production updates. The U.S. elections take place tomorrow (finally), and that has all markets on edge. U.S. financial markets were steady today with crude oil about unchanged and the dollar slightly higher. In fact, the dollar index reached two-month highs today while the euro reached two-month lows. Crude oil prices did start to move higher over the noon hour. The presidential race is too close to call and...
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.