Soybeans started last night with some follow-through selling from last Friday's weak day, but that selling quickly was absorbed by the short covering caused by a drier weather outlook. Corn joined the soybean and wheat rally today despite continuing talk of yields above 170 bushels per acre. General Comments The markets opened slightly lower Sunday evening, but the soy complex turned higher in the first 30 minutes of trade and never looked back. Wheat and corn quickly followed. Corn and soybean markets were very soft last Friday on what appeared to be wetter forecasts for this week. Those forecasts did not look as wet yesterday or this morning and that brought us a quick round of short covering that expanded into the wheat markets as well...
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.