Corn traded mostly steady today with light volume. PNW corn export basis was up 15 cents overnight with most of that likely the result of logistics issues. Wheat was lower overnight and traded 4-6 cents lower today before ... General Comments Markets didn’t do much overnight after what was a very volatile week. The spat among the renewable fuels groups Tuesday, which sent soybeans to 30+ cent gains, faded away and left some scattered ashes around Washington, DC. There were no daily export sales announcements this week, and that created a bearish undertow to the market. The president’s Tuesday evening speech received rave reviews and sounded very “presidential.” U.S. equity markets soared to new record-highs the following day, although the...
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.