The CBOT saw another day of soybean-led strength with soybeans and soymeal scoring new contract highs amid a demand-rationing panic. Crops in South America continue to decline and the latest two-week weather forecast is dry once again, which is pushing physical and futures values higher. Corn and wheat were somewhat along for the ride on Tuesday, though the latest Brazilian weather forecasts aren’t encouraging for the country’s second-crop corn prospects. Wheat futures were fractionally higher on support from corn and soybeans as well as a weaker U.S. dollar. For the day, funds were net buyers in soybeans and secured some 18,000 contracts. Funds also bought as much as 20,000 contracts of corn while buying a modest 8,000 c...
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.