Brazil and Argentina took advantage of this week's rise in CBOT contract prices. In comparison, U.S. soybeans are so expensive that there is even talk of spot soymeal moving from those two countries into the U.S. market. Soybeans South American merchandisers were pleasantly surprised when CBOT soybean futures suddenly rallied and created an opportunity to actively market abundant stocks. Brazilian soybeans are being traded as far out as November into China. Such sales reduce the marketing window for U.S. soybeans from sometime in November through January. Brazilian soybean production will then again hit the market in February, and this crop is normally priced 25 cents/bushel below U.S. competition. Three months is unlikely to be sufficien...
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.