The markets (and most market analysts) are either all in or all out, and there has been no better evidence of this phenomenon than what has happened this year.The one thing that has become obvious in all of these markets is that there is no longer any middle ground. There are no degrees of bullish or bearish. The markets (and most market analysts) are either all in or all out. Corn is either going to $9.00 or $3.00. Soybeans are either going to $20.00 or below $10.00. No one cares where wheat will go until it happens. When times are bullish, we tend to see a contest among analysts to see who can be the most bullish. When the pendulum shifts back to the bearish side, like today, the contest is to see who can forecast the lowest prices.There...
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.