THE OPEN Nov beans: 2 3/4 higher Dec meal: 1.50 higher Dec soyoil: 1 lower Dec corn: 1/4 higher Dec wheat: 1/2 higher The markets started on a higher note but lacked the conviction and the volume/energy to take prices higher on the day. Without more market information, corn prices sagged, trading down to PM session lows. Wheat prices reversed course as the short-covering has seemed to be cleaned up. Buy beans/sell corn and wheat were major themes for much of the trading session. At 10:00, export inspections were released as follows: Beans: 1,296,352 mt vs. 944,150 mt week ago Bheat: 565,099 mt vs. 497,468 mt week ago Corn: 531,74...
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.