Rumors of Chinese inquires for U.S. corn and soybeans sent soybean futures to fresh contract highs overnight. The soy complex remains locked in demand-rationing mode and Tuesday’s trade was technically dominated and technically bullish. Corn followed the soy complex higher but lacked much enthusiasm. The lower U.S. dollar helped corn move higher as U.S. corn remains the most competitive on the world market. Wheat futures came under pressure as yesterday’s rally attracted selling pressure. Outside markets were mixed on Tuesday as investors booked profits in the equity markets following Monday’s vaccine announcement from Moderna. Crude oil futures settled slightly higher as traders look to OPEC’s next move as we...
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.