Grain and soy markets saw a dual between poor weekly export sales and growing weather concerns ahead of a three-day weekend. Corn futures prices did bounce around actively in a 10-cent trading range today. General Comments Please note: Grain markets are closed tomorrow for Good Friday, although most financial markets will remain open.Last week's export sales volumes for corn, soybeans and wheat were smaller than expected, and there were net cancellations of 212,700 MT of grain sorghum sales. Only soymeal sales held their own. Soybean export sales stood out with just 27,400 MT of sales for 2014/15 but 568,300 MT of sales for 2015/16. In addition, USDA announced a daily sale of 118,000 MT of soybeans for 2015/16. Wheat sales were only 162,1...
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.