The soybean market had another fairly volatile session today. There is still some concern about soybean planting progress because of the wet weather across the Corn Belt and delay in the winter wheat harvest that could prevent some double cropping of soybeans. General Comments Markets were steady to firm overnight but strengthened when today's session opened. Wheat and soybeans moved to double-digit gains by midmorning, while corn was a reluctant follower. The same factors pushed the wheat markets around today. The U.S. dollar was sharply lower, and weather forecasts for the dry pockets of world wheat production are still dry. Crude oil was also weaker today as were U.S. financial markets.USDA's monthly WASDE will be released Wednesday, w...
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.