The CBOT was mostly red on Tuesday as wheat reversed its direction from Monday and posted 6-9 cent losses. Corn was stronger initially but was pulled lower by wheat weakness while soybeans traded mostly steady for the morning before weakness entered the market around noon. Funds were casual sellers of soybeans, liquidating some 3,000 contracts, while managed money shed 8,000-9,000 contracts of wheat and a similar volume in corn. While dry weekend weather and concerns about lower crop conditions ratings fueled yesterday’s rally, the actual report data and Pro Farmer yield tour figures were far friendlier. Traders had expected up to a 5 percent decline in yesterday’s corn conditions ratings, but the good/excellent rating fe...
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.