The anticipation of Argentina's government distributing additional export licenses for corn and wheat is presently having little to no effect on spot corn prices for April and May for several reasons, while a different issue is influencing wheat prices. Corn Basis and Anticipated Export Licenses The anticipation of Argentina's government distributing additional export licenses for corn and wheat is presently having little to no effect on spot corn prices for April and May. Premiums for corn seem to be heating up on a daily basis and are trading at 45-52 CK. Limited available logistics may be one reason for the present market strength. As well, demand has been particularly strong from North African buyers. Their purchases are working in co...
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.