The day session saw wheat futures swinging higher after setting new lows, and soybeans running up 15-16 cents before retreating late to close with only modest gains. General Comments Overnight trade was active with traders rolling positions in May contracts into July before the first delivery intentions day which is Thursday. There was also some unwinding of old corn/soy spreads, which kept soybean prices firm but pressured corn. The day session continued the action with wheat futures swinging higher after setting new lows, and soybeans running up 15-16 cents before retreating late to close with only modest gains. While soybean futures were at double-digit gains, Argentine and Brazilian soybean growers rewarded the rally by selling newly...
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.