Argentine market participants are buoyed by the expectation that the U.S. will be unable to fully meet growing Chinese sorghum demand. While there are other factors to consider, obstacles that had previously prevented Argentina's sorghum from entering China have been addressed. Soybeans Soybean futures contracts could experience some downward price movement if there is nothing bullish within USDA's data for U.S. acreage and stocks, scheduled for release 30 June. This is because South America ports are now full of soybeans, and the offers that were at 34 SN for July and 37 SN for August just a week ago are being offered today at 20 SN and 25 SN, respectively. 9 MMT have already been sold between Uruguay (1.8 MMT) and Argentina (7.2MMT), an...
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.