THE OPEN Jan beans: steady Dec meal: .40 lower Dec soyoil: 23 higher Dec corn: 3/4 higher Dec wheat: 3 lower The market opened as expected with more gains posted in corn on short-covering activity. Traders were opting out of recent buy bean and wheat trade/sell corn, as the corn chart begins to put in more constructive trade. Farmers continue to keep supply stored, waiting for better values before selling. US corn could gradually become more competitive into next year. Continuing rain and cold weather are hampering the last of harvest activity, with some fearing that not much progress was made last week, nor this week for sure. Corn spreads continue to firm. Oilshare entered...
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.