Soybeans Market Overview The soybean market remains very slow and almost at a standstill. China has been quiet these past few weeks, possibly even slower last week. Buyers there have decided to wait until unattractive crush margins recover. China is clearly in no rush to make any purchases and will move when there is an opportunity. Brazil CNF and FOB basis in Brazil kept dropping last week, trying to find demand that has yet to appear. Last week featured unconfirmed rumors of potential trades at 202F for December shipments with offers at 210F CNF China. These levels are far below the highs of six weeks ago when November traded at 378X CNF (the equivalent of 364F), implying basis has dropped an amazing $1.50 in less than two month...
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.