Note: The CBOT and WPI’s offices will be closed Monday, 6 September 2021 for the U.S. Labor Day holiday. The CBOT was mixed on Friday with soybeans and wheat finding some strength while soymeal and corn futures continued their weaker trend. Trading volume was light ahead of the U.S. long holiday weekend and a “risk off” mentality was in play. Funds were net sellers of some 10,000 corn contracts but bought some 6,000 soybean futures and 5,000 contracts of wheat. Position liquidation remains funds’ key theme, however, especially with the U.S. Midwest weather turning favorable. The Port of New Orleans reopened late Wednesday and the U.S. Coast Guard has allowed traffic along the Mississippi river aga...
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.