Grain and soy prices traded a bit higher overnight in sort of a delayed reaction to the U.S. dollar’s weakness surrounding the Fed’s announcement Wednesday regarding its interest rate. They then had some difficulty holding above unchanged for the first half of the day session. General Comments NOAA released its long-term weather projections today for April-June, and they foresee both temperatures and precipitation as normal to above-normal over most of the U.S. Little or no impact is expected from a La Nina that will be very weak, if one appears at all. Above-normal precipitation is expected in the northern Plains and the Deep South with normal levels for most of the central and southern Plains. The latter two areas are also likely to see...
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.