General Comments Tomorrow's USDA acreage and stocks reports command attention as they should. However, no matter what the reports say, it will not take markets long to assess and adjust to them. Thereafter, the primary market focus will quickly turn to weather, crop conditions and new crop production prospects. The old crop supply situation and old/new crop inverses will become a sideshow that becomes less important with each passing day. The old crop corn and soybean drama will be headed toward a certain end with the approaching new crop harvest.Open interest in July corn fell nearly 30 percent with the liquidation of 26,000 contracts yesterday and leaving 63,826 contracts to go. July soybean open interest fell to 31,028 contracts, down...
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.