Soymeal futures did not need today’s expanded trading limits that resulted from yesterday’s limit down closes, but they did fall roughly $18 at session lows before a rally in the last 90 minutes pulled meal contracts back near yesterday’s closes. That rally also triggered a remarkable recovery for soybeans. General Comments Following yesterday’s sinking spell, grain and soy prices traded on either side of unchanged at the opening of the overnight session. However, they soon headed south again as selling returned to press prices. Once again, soybeans and soymeal led the way down with the August soybean contract down more than 20 cents at the recess between overnight trade and the day session. Corn and Chicago wheat were off about 6 cents...
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.