General Comments Today was all about weather. Weekend forecasts were much cooler and wetter across the guts of the Corn Belt than what some models looked like going home Friday. That prompted a big rally in corn that took wheat along for the ride. Soybeans resisted until midmorning, when buyers showed up in the soy complex as well. Some precipitation models are showing the chance for 2-3 inches of rain this week across parts of Iowa, Wisconsin and Illinois with lighter amounts across other parts of the Corn Belt. In addition, last weekend's very warm temperatures will be followed by another week or more of cold temperatures. It could snow as far south as Oklahoma later this week. There is also another chance for frost across Kansas thi...
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.