Yesterday’s trade was a key technical reversal in the soybean market, and that brought more follow-through buying today. Wheat chased the soybean rally, while corn’s rally was more subdued. General Comments Markets were choppy in the overnight trade with corn and wheat slightly easier and soybeans slightly higher. That all changed when today’s session opened with the soy complex rallying to big gains. Wheat chased the soybean rally, while corn’s rally was more subdued. The U.S. dollar was lower today, and some credit that plus year-end commodity short covering for today’s early rallies. Adverse weather in central and northeastern Brazil was also a supporting factor.Outside markets were getting clobbered. U.S. equity markets were sharply l...
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.