THE OPEN November beans: 6 1/2 higher December meal: .10 higher December soyoil: 59 higher December corn: 3/4 higher December wheat: 1/2 higher The key feature of the morning was that of continued higher oilshare, as meal prices turned red and soyoil prices sprinted to new trading range highs. Wheat prices were mixed at the open, but once again found buying interest at key moving averages. Strong Chinese markets underpinned US markets at the open, as funds were noted buyers. At 10:00 export inspections are as follows: beans: 1.283,936 mt vs. 1,396,077 week ago. (vs. an expected 1,050,000 mt) corn: 878,907 mt vs. 887,889 mt week ago (vs. an expected 700,000 mt)...
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.