Corn was surprisingly firm today with wheat getting hammered and ahead of Monday's USDA reports that many analysts believe will be bearish. General Comments Markets were soft overnight, led by weakness in wheat. The losses in wheat accelerated during the day session and pushed Chicago wheat down to $6.93. KC was the weakest with losses exceeding 20 cents at one point. Corn was steady to slightly higher and soybeans traded back and forth. There was not a lot of news today, and we will get USDA's quarterly stocks and planting intentions estimates at noon (EDT) on Monday. There are a few conflicts in the extended forecasts for the hard red winter wheat region, but it generally looks dry. The market evidently chose to focus on the chance for...
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.