Argentina’s new crop soybean market was active again this week. Two CNF cargoes were traded at $110 and $106 over the July CBOT contract, and one FOB cargo was sold at $42 over the same. Meanwhile, the spot market was quiet with only one seller offering $130 over November CBOT futures for a 15 August shipment. Soybeans Argentina’s new crop soybean market was active again this week. Two CNF cargoes were traded at $110 and $106 over the July CBOT contract, and one FOB cargo was sold at $42 over the same. All three trades were for 15 April and 15 May shipment. July exports totaled 1.2 MMT. Of the 8 MMT export licenses issued, 6.3 MMT were loaded through the end of July with 1.8 MMT remaining. The August lineup already has 1.5 MMT, so Septemb...
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.