The CBOT found ample follow-through selling on yesterday’s bearish October WASDE with funds turning into large sellers in corn, soybeans, and – surprisingly – wheat too. The USDA’s bearish report was certainly the primary catalyst for the day’s decline, though early-morning trade had a sense of macro ‘risk off’ selling related to the rising inflation numbers in the September Consumer Price Index (CPI). On a positive demand note, the break in soybean futures prompted China to enter the market again and rumors suggest the Middle Kingdom booked 4-6 cargoes of U.S. soybeans Wednesday. That seemed to support soybean futures after early weakness and the market spent most of the afternoon trading be...
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.