Yesterday's weekly soybean export sales number of nearly 2 MMT was the last straw that took futures briefly back above $10.00. Wheat futures seemed to sit back and watch the action in corn and soybeans much of today's session. General Comments Markets started higher again in the Thursday evening session, led by good gains across the soy complex. All of the nearby soybean contracts traded at or above the $10.00 level. Those gains started to fade by early this morning, and markets turned lower when the regular day trading session started.This has been a wild week in the soy complex. Soybean and soymeal futures have been very strong in volatile trading. It has been a combination of fund buying, sponsored in part by very strong demand for bea...
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.