Today’s market was a low volume affair during which it seemed corn and wheat prices hardly moved. The soy complex is where the action, or what passes for action these days, could be found. General Comments Someone suggested that today’s grain futures session should have been cancelled due to a lack of interest. It is true that today’s market was a low volume affair during which it seemed corn and wheat prices hardly moved. Corn contracts traded in less than a 3 cent range, while Chicago and KC wheat contracts were locked in a narrow 5-7 cent band. Only the soy complex showed signs of life with soybeans moving about in a 14 cent range while meal’s was about $5 and soyoil’s was almost 90 points. At least we can say that the grains and soy...
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.