The weekly export sales report released today wasn't enough to hold the market together as selling pressure started to mount in the soy complex, and there wasn't enough fund buying around to offset weekend pre-hedging. General Comments Markets were a bit higher in the overnight session following Thursday's gains. The weekly export sales report, delayed from Thursday because of the holiday last Monday, showed huge corn sales (1.9 MMT), good soybean sales (935,000 MT) and average wheat sales (545,000 MT). That wasn't enough to hold the market together as selling pressure started to mount in the soy complex, and there wasn't enough fund buying around to offset weekend pre-hedging.Informa released its updated acreage estimated for 2015 U.S. c...
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.