The soy complex was again under fairly heavy selling pressure to start this week. Meanwhile, corn had a narrow trading range today. Funds have liquidated their entire long corn position since the Fourth of July and are now short about 13,000 contracts. General Comments The soy complex was again under fairly heavy selling pressure to start this week. Funds were reported as still long 126,000 contracts of soybeans and 53,000 contracts of soymeal but short soyoil. They are also now small shorts in the corn market and short wheat. There were no important changes in the weekend weather forecasts that showed no significant heat and some chances for rain. Wheat and corn once more didn’t provide much today. Wheat again tried to lead to the upside...
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.