Overnight trading featured a strong rally effort by corn, which pulled wheat along as soybean prices fell under renewed selling pressure. Soymeal and soybeans continued to fall hard during the day session under liquidation selling and spread unwinding. General Comments Overnight trading featured a strong rally effort by corn, which pulled wheat along as soybean prices fell under renewed selling pressure. Actually, the selling in soybeans did not really get underway until European traders arrived at their desks. Thereafter, more fund liquidation and the unwinding of long soybean/short grain spreads kept soybeans near unchanged while the grains enjoyed 9-10 cent gains as overnight trading ended.Soybean and meal liquidation and spreading unw...
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.