The CBOT was mixed in mostly consolidative trade on Tuesday heading into the February WASDE. The market saw some quiet weakness in corn and CBOT wheat while HRW futures strengthened. The soy complex saw a mix of delivering product values with soyoil rallying sharply with support from palm oil and crude oil while soymeal sold off under liquidation and profit taking pressure. Funds were relatively quiet for the day but were net buyers in wheat futures and net sellers in corn and soybeans. Funds were heavy liquidators in the soymeal market and bought back a large portion of the soyoil they’d recently sold. Fresh news was lacking and pre-report positioning was the main driver of the day’s trade. Outside markets were mixed wit...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.