In Argentina, there is a rapid heat up in soybean basis. 20 days ago, cargoes traded at a negative level of 9 SN below CBOT. This week trades are being made at 5 SN for May and 7/8 for June and July. Soybeans In Argentina, there is a rapid heat up in soybean basis. 20 days ago, cargoes traded at a negative level of 9 SN below CBOT. This week trades are being made at 5 SN for May and 7/8 for June and July. Meanwhile, Brazil has become more expensive every day over the last month and less competitive compared with Argentina (almost a 40-cent gap today - see chart below). Demand has arrived at this market. After several cargoes traded, mainly CNF, sellers backed off a bit, raising CNF levels while the FOB market has dried up. The Argentine p...
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.