Tomorrow is first notice for delivery against the March futures contracts, and markets are expecting heavy deliveries in Chicago wheat and soyoil. It is also the last day of the month. These factors might also have skewed trading a bit today. General Comments Markets were again mixed in the Sunday evening session with soybeans higher and wheat and corn lower. Everything turned lower with today’s opening, and initial weakness turned into significant fund selling as the day wore on.Tomorrow is first notice for delivery against the March futures contracts, and markets are expecting heavy deliveries in Chicago wheat and soyoil. It is also the last day of the month. These factors might also have skewed trading a bit as people were exiting Marc...
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.