General Comments The grain and soy futures market was in a consolidating mode after the big price run-up yesterday. Traders were not willing to say that yesterday's rally was too much or too soon, but many decided it was prudent to cash out of some of their gains, especially in the bull spreads. The weather outlook did not really help in setting price direction either.USDA reported that corn planting was 28 percent done as of 12 May, up 16 percent in a week but still a record low for the date. A warm, dry window of planting opportunity is in place across the Midwest for the next three days, but a potentially significant rainy system that is likely to put a halt to planting again moves back in by Friday. Corn planting is underway again wi...
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.