With recent news about the U.S. economy generally positive, it is widely expected that the Fed will soon cut back on its stimulus efforts through the monthly purchase of mortgage-backed securities General Comments Note: Next week CME agricultural markets will close early at 1:00 PM (EST) on Christmas Eve, 24 December and remain closed on Christmas Day, 25 December. Markets will return to normal hours on 26 December.It turned out to be sort of a half-hearted Turnaround Tuesday with soybeans and corn advancing. Wheat prices tried to follow the other markets but slumped again after early gains overnight. We suppose it is worth noting that corn did close higher today after three losing sessions and that should qualify as a Tuesday turnaround...
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.