U.S. soybean, corn and wheat markets finished the night session up 1-2 cents despite the U.S./China trade war becoming a reality overnight. However, the soybean and soymeal markets opened strong today and moved to big gains by midmorning, putting the trade issues behind for at least today. Corn and wheat traded slightly higher much of the session and, like soybeans, extended those gains in the last hour. USDA will release its updated production estimates and revised WASDE next Thursday. Trading volume was pretty good for a Friday in a holiday-shortened week. U.S. equity markets were also strong today despite the tariffs. Crude oil was firm, and the U.S. dollar was weaker. As the eight-14 day weather maps show (see below), the extended Cor...
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.