Markets were calm overnight in anticipation of today’s USDA WASDE, which is how today’s session started. Corn had new contract lows before the reports were released, recovering later when the soy complex reversed direction and wheat turned higher. General Comments Markets were calm overnight in anticipation of today’s USDA WASDE, which is how today’s session started. However, selling across the soy complex eventually began to accelerate before the report was released and took prices as much as 20-21 lower, which pushed corn and wheat lower as well. The report was bearish corn and slightly bearish wheat but not at all for soybeans. By the close, corn and wheat futures had moved back to somewhat higher with soybeans mostly steady to s...
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.