There was rain in Cordoba, Argentina over the weekend that gave us a weak tone in the soy complex. There wasn't any news in the corn market, so the weakness in soybeans spilled over into corn. General Comments The Sunday evening markets were slightly lower, but overnight volume was almost non-existent. There was rain in Cordoba, Argentina over the weekend that gave us a weak tone in the soy complex. There was zero news in corn and wheat, so they tended to follow corn. Weekly export inspections were below expectations. However, it was also a holiday-shortened shipping week.The next bearish hurdle for these markets will be the 10 January 2014 USDA production estimates, quarterly stocks estimates and revised WASDE. Most of the trade is expec...
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.