The quietude of yesterday’s grain and soy futures markets continued in the overnight trading session. Volume and price movement were limited with nothing significant to inject trading interest or volume into the markets, and prices stayed close to Wednesday’s closes. At this morning’s recess, corn was fractionally higher, wheat was down 1-2 cents, and soybeans were off more than 3 cents. The day session started quietly as well, but prices began to move more aggressively. Corn futures extended their minor overnight gains, closing up 2.75-4 cents and not far from session highs. Soybeans recovered their overnight losses and traded green numbers during the last half of the day session, finishing with gains of 3.5-4 cents. Wint...
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.