Quiet overnight trading saw weaker wheat prices, while corn and soybeans traded narrowly on either side of unchanged. Winter wheat futures fell below technical support, bringing on long liquidation by noncommercials that accelerated during the day session. Chicago wheat finished today 10.75-15 cents lower with Kansas City wheat down 8.75-12.75 cents following the lower closes for Paris wheat futures. MGEX wheat was not hit nearly as hard, and its December contract was down just 5.75 cents at the close. Spring wheat harvest is on the downhill slope at 60 percent complete, according to USDA, versus an average of 44 percent. Soy futures prices chopped around during the day session before closing lower with November down 7.25 cents. Corn futur...
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.