THE OPEN May beans: 7 1/2 higher May meal: 3.00 higher May soyoil; 20 higher May corn: 4 higher May wheat: 4 lower The morning opened with more short-covering in beans, corn, and meal, and more long liquidation in wheat futures as we head into the March WASDE next week. Traders will be looking for how the USDA will handle Chinese demand given the stress of the Coronavirus on its economy. Note that OECD revised world economic growth to 2.4% from 2.9% previously due to the Coronavirus. Short-covering was also noted due to better chart price activity from meal and beans, with China's tariff-free registrations opening today as speculation continues that they may begin to purchase US ag products as part...
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.