The CBOT posted a Turnaround Tuesday with corn, wheat, and the entire soy complex pushing higher after the recent weakness. Soybeans and soymeal led the rally as spot demand for both commodities is rising and a 2+ percent rally in crude oil helped pull soyoil futures higher as well. Grains were not left behind, though wheat traded a lethargic inside day on the charts, and corn futures managed to largely hold their own near technical support. Funds were slight net buyers for the day and largely covered portions of short positions heading into the USDA’s acreage, grain stocks, and export sales reports on Thursday. The Wall Street Journal this afternoon reported that Turkey has finally agreed to allow Sweden and Finland into NATO,...
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.