It has been another tumultuous week in the soy complex with new highs for this recent rally established on significant fund buying. However, when all was said and done, the soybean and meal futures markets showed only small gains from last week's closes. General Comments Markets were weak overnight, led by declines in soybeans and soymeal following yesterday's soft closes. Corn and wheat were marginally lower in the overnight session. This morning's weekly export sales report showed smaller than expected soybean export sales and average, at best, corn and wheat sales.It has been another tumultuous week in the soy complex with new highs for this recent rally established on significant fund buying. However, when all was said and done, the s...
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.