General Comments Markets came back from the long weekend in a slightly better mood following Friday's sharply lower trade with a holiday-shortened thin trading session. There really wasn't much different in terms of news today. U.S. crop weather is basically still not much of an issue. The western half of the country looks to have above-normal temperatures while the eastern half will be below normal. Rainfall looks to be normal-to-below normal. The eastern Corn Belt needs some heat. The trade is expecting to see slight improvement in today's weekly crop ratings.USDA did announce several export sales this morning. China bought another 840,000 MT of soft red winter wheat and 120,000 MT of soybeans. Mexico bought 120...
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.