It was a reverse crush day in the soy complex with soybean futures slightly lower most of the morning and meal and oil futures a bit higher. That pattern changed late morning. General Comments Markets were quietly lower overnight and opened that way today. Corn and soybean futures continued to trade small losses much of the morning, but Kansas City wheat found a bid that brought buying to Minneapolis and Chicago. The weather forecast continues to look very wet for the hard red winter wheat region. This will keep the harvest pace slow and also continue to affect quality. World weather forecasts haven't changed much, although that depends on which ones you read. There might be some scattered rains across western Canada and Europe, but they...
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.