If the smart money is betting that corn ending supplies will increase from 1.5 billion bushels this year to more than 2 billion next year, shouldn't we be bear spreading?Sometimes you become so caught up in your own little world, you don't pay enough attention to big picture issues until someone asks you a question that snaps your attention in another direction. That seems to be the case with the corn market, at least from a spread perspective. A client asked why they shouldn't be bear spreading corn. The May/December spread is about even money. If the smart money is betting that corn ending supplies will increase from 1.5 billion bushels this year to more than 2 billion next year, shouldn't we be bear spreading? The answer to that question...
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.