There was a great deal of movement this week in the Argentine soybean market with five to seven trades completed at levels of -2 FOB for 15 April and 58 SN CNF for 15 May and June. While demand is looking for all positions from 15 April to July, the market is expected to show a 2-3 cent carry per month from May to July. Soybeans China became fully active this week, probably because of its pending New Year that begins 7 February. There was plenty of demand focused on nearby positions from January to March, although some April and May cargoes were traded as well. The Chinese have seen improved crush margins at a gross estimate of $10/MT for March and $15/MT for April/May shipments. This brought them to buy some slightly deferred cargoes wit...
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.