Corn prices were helped out of the red by a strong rally in wheat and the ability of soybeans to recover from a mid-session sinking spell. Besides being a reaction after several days of losses, there were some other factors involved in today’s strong prices. General Comments Being that it is Tuesday, a market turnaround is to be expected since Tuesday’s grain and soy futures markets have reversed Monday’s price action with some consistency in recent weeks. Sure enough, after overcoming obstacles such as a new contract low for March corn early this morning, that is what finally happened today. Corn prices were helped out of the red by a strong rally in wheat and the ability of soybeans to recover from a mid-session sinking spell.Besides be...
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.