Soybeans, corn and wheat all rallied sharply on what looked like fund buying after Europe came to work today, which is when the fireworks started. General Comments Markets started the Sunday night session with big losses in the soy complex and small ones in the corn and wheat markets. Those losses at the opening were the session's lowest with corn and wheat climbing back to unchanged quickly, and soybeans cutting their early declines in half. That's pretty much where the markets sat until Europe came to work, which is when the fireworks started. Soybeans, corn and wheat all rallied sharply on what looked like fund buying. Soybeans had a 40-cent trading range overnight, while wheat had a 29-cent range and corn a 10-cent range. Overnight vo...
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.