If rains are disappointing this weekend in Brazil and Ukrainian political unrest continues, corn contracts could temporarily move higher without any assistance. General Comments Markets traded in a logical fashion today as traders with long positions in the soy complex took some profits, while wheat and corn remained firm and closed higher. This is the type of action that we spoke about last night of having a profit objective in mind rather than passively waiting and reacting to the triggering of an indicator. WPI noted just about a week ago (11 February) that the protective blanket of snow was forecast to decline, and the increased spring volatility in grain markets could be ignited by winter wheat if the pattern of freezing temperatures...
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.