The CBOT was mostly in the red to finish the week, except for spring wheat futures and the livestock complex. Grains and oilseeds opened higher but political news for biofuels quickly sent soyoil and soybeans sharply lower. Continued forecasts of cool, wet weather for the Midwest prompted fund liquidation that kept the major markets on the defensive. Some position trade in preparation for next week’s Grain Stocks and Acreage reports was noted, but the market had a heavy feel with pronounced liquidation. The biggest fundamental news to hit the markets Friday was the Supreme Court of the U.S.’ (SCOTUS) ruling that upheld the EPA’s ability to grant biofuel waivers to small refineries. The EPA now has the sole authority...
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.