It was another see-saw type of day for grain and soy markets that started out higher across the board during an active overnight session. Wheat was the unlikely leader of the day session. July Chicago wheat closed up 15.25 cents with KC July up 11.25 cents. General Comments It was another see-saw type of day for grain and soy markets that started out higher across the board during an active overnight session with soymeal, soybeans and corn pushing to new highs for the move. July soybeans came within 2 cents of $11. Dalian soymeal was slightly higher, but it was not nearly as strong as CME meal on Wednesday. For a change, it also did not quite set a new volume record. China’s 2016 corn auctions begin tomorrow (Friday) with 2 MMT plus about...
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.