Corn futures traded fractionally higher before turning down again. Soybean futures prices traded both sides of unchanged and were actually higher during much of the session before prices drifted down to close 1-2 cents lower. General Comments No one really expected a "Turnaround Tuesday" sort of rally today. The most optimistic expectation was that grain and soy markets would at least pause and take a breath after their retreat since the 11 September WASDE in which USDA significantly raised its corn and soybean yield and production estimates. USDA's new estimates were perhaps somewhat higher than expected, but not enough to blow the roof off a market that had already lost it a while ago. Still, November soybeans have fallen 57.5 cents and...
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.