Grain and soy markets were mixed overnight amid lighter volume than has been seen the past several overnight sessions. However, the day session was anything but quiet, primarily due to the weekly export sales report. General Comments Grain and soy markets were mixed overnight amid lighter volume than has been seen the past several overnight sessions. However, the day session was anything but quiet, primarily due to the weekly export sales report. Last week's export sales of soybeans were startlingly large at 2.1668 MMT, about twice as much as the trade expected. Corn sales also reached seven figures at 1.0312 MMT. Wheat sales were small at 299,400 MT, soymeal sales were downright tiny at just 23,000 MT and soyoil sales were 10,600 MT. Gra...
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.