This was somewhat of a strange trading day, much like one before a USDA report. The market wanted to see the Farm Journal (Pro Farmer) Crop Tour’s corn and soybean results, but those weren’t announced until after the close. General Comments This was somewhat of a strange trading day, much like one before a USDA report. The market wanted to see the Farm Journal (Pro Farmer) Crop Tour’s corn and soybean results, but those weren’t announced until after the close. One interesting aspect is that while most analysts thought they would show disappointing corn data and bearish soybean data, the soybean pod counts, which were generally lower than expected, garnered the most attention.Markets were mixed overnight and today as wheat was generally sl...
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.