Funds were still holding fairly large long positions in soybean and soymeal futures, but they were heavy sellers in both today. Corn withstood that onslaught of selling in the soy complex, and wheat also managed to separate itself. General Comments Yesterday afternoon’s six-10 and eight-14 day weather forecasts held the heat out of the guts of the Corn Belt. They also changed the precipitation forecast to normal/above-normal. Those forecasts took what remaining starch there was out of the soy complex overnight and today. Funds were still holding fairly large long positions in soybean and soymeal futures, but they were heavy sellers in both today.Crude oil futures also continued to decline, losing another $1/barrel today. The U.S. dollar w...
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.