General Comments Overnight trade in grains and the soy complex opened slightly lower, and then slightly edged above the previous closes. Volume was light. By the time the day session opened, traders had a chance to look at last week's export sales volumes. Sales of wheat and corn fell well below expectations, and this put a cap on prices throughout the day session's choppy price action. Soybean sales also fell below expectations, but the large volume of meal and soyoil sales made up for that. Traders knew that product sales would be big, but even so, the numbers looked pretty impressive.The preliminary estimate of the U.S. GDP for the third quarter showed that the economy grew 2.7 percent. This was the biggest jump since the fourth quart...
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.