Neutral is an interesting word that means nothing’s happening, which aptly describes this week's futures market action. Next Tuesday’s USDA reports could inject some enthusiasm, but it would be inadvisable to bet heavy on that prospect for several reasons.Neutral is an interesting word that means nothing’s happening, which aptly describes where this week's futures market action. are today. Corn and wheat futures were basically unchanged, and funds are reportedly holding modestly short positions in both. They are also said to be holding a small short position in soybean futures, which saw November manage to post some gains. It is doubtful that today’s Commitment of Traders report will indicate any significant changes.Next Tuesday’s USDA repo...
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.