Corn Argentine corn FOB market premiums are weak and there is a lack of demand. Spot shipments (August and September) are offered at 5-10 cents/bushel lower than they were the previous week, with sellers asking for demand at -75 CZ and ready to discount against concrete demand. On the other hand, deferred shipments are firm at -65 CZ for October and -60 CZ for November with some sellers willing to discount a few cents. Demand, if any, will appear for November ready to pay -85/-80 CZ.As we previously have mentioned, there have been several inquiries for Argentine corn from Latin American destinations, as well as North Africa and Asia, but up to now no trades were performed. Demand is still sniffing around for October onwards and comparing...
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.