General Comments Grain and soy markets were lightly traded overnight, and they lacked much in the way of price direction. Traders are very much aware of tomorrow's June WASDE from USDA, even though it is widely expected that there will not be any significant changes to USDA's supply and demand estimates. The only "real" crop production estimate will be for winter wheat, where a slight reduction is expected as a big SRW crop partially offsets the drought and freeze-damaged HRW crop. With 5 percent of the HRW crop harvested as of last Sunday, more yield reports from Texas and Oklahoma are straggling in, and, as expected, they are not very good.After a mixed opening, price action during the day session turned higher and more decisive in the...
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.