Soybeans benefited from the fund short covering in the wheat market. Weekly export inspections were also (again) better than expected, and there was some chatter around that China was watching Brazil's logistics. General Comments Markets were generally quiet overnight with wheat the most active, trading 3-4 higher. That peaceful tone didn't last long this morning as wheat turned sharply higher, led by big gains in KC with Minneapolis and Chicago following closely behind. Wheat was about weather. The extended forecast for the hard red winter wheat region (southern Plains) isn't changing, remaining warm and dry. Corn and soybeans were distant followers on the day before the USDA planting intentions and quarterly stocks reports will be relea...
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.