Today was the last trading day for options on the November soybean contract. It staged a mini-rally in the last minutes of trade and made a run at $9.00 before losing ground in the final minute and finishing 3 lower. General Comments Markets were steady to a bit higher overnight on positive news from Asia and Europe’s financial markets, but prices turned lower at today’s opening and spent all of the session lower. Good rains across most of the U.S. southern Plains hard red winter wheat region pressured wheat. Today was the last trading day for options on the November soybean contract, which might have pressured that market. Corn has no place to go without support from either wheat or soybeans. USDA announced more soybean export sales and...
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.