Corn futures prices closed slightly higher in what was for the most part directionless, low volume trading, and wheat put in a rare performance as the market leader today with KC March closing up 5.75 cents. General Comments This is a short trading week between two (three-day) holiday weekends. CME markets will close at the regular time on 30 December and reopen 2 January at 7:00 p.m. (CST). In addition, the weekly export sales report is delayed until tomorrow.Overnight trade was very light, but there was enough buying to keep grain and soy prices mildly green. Volume remained light during the day session as prices traded both sides of yesterday’s closes in rather indecisive fashion. Corn futures managed just a 3.5 cent trading range befo...
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.