The CBOT traded a rather uninspiring day to end the week, with corn and the soy complex largely chopping sideways. Wheat traded a mixed day early with the lack of USDA confirmation of wheat sales to China weighing on early market action. Technical buying firmed the wheat market heading into the close, however, as bullish chart conditions kept bears sidelined. The Pro Farmer tour posted its state-wide average yield estimate for Iowa this morning, which came in at 177.8 BPA. The reduction was expected due to drought in the western part of the state and hurricane force winds last week. The yield will be Iowa’s lowest, if realized, since 2014. The tour also announced the Minnesota corn yield at 195.1 BPA, which would be a record hi...
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.