Grain and soy prices posted modest gains during the overnight session. They were led again by wheat, which followed up on Wednesday’s big rally. The volatile Euronext wheat futures also surged ahead, adding to yesterday’s big move. As CME day session trading resumed, however, the Euronext market turned and began a sharp retreat. Its December contract traded as high as 208.25 euros, up 5 euros from yesterday, but then turned south to a close of 201.75, down 1.50 euros. U.S. wheat futures basically followed that same higher-lower pattern today. KC December was up 8.5 cents at its high for the day but closed down 8.25 cents, and Chicago December posted an early gain of 7.75 cents before sliding back into the red to close 6.75 cents...
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.