The overnight futures session produced slightly lower prices for wheat and corn but slightly higher prices for soybeans. The grains were under pressure from a stronger U.S. dollar, while bargain hunters supported soybeans that were near a multi-week low. General Comments The overnight futures session produced slightly lower prices for wheat and corn but slightly higher prices for soybeans. The grains were under pressure from a stronger U.S. dollar, while bargain hunters supported soybeans that were near a multi-week low. The day session reversed the price direction for wheat and corn as the soybean market maintained the overnight gains. Once again, wheat was the stalwart market leader. The wheat market overcame early losses to mount anoth...
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.