THE OPEN November beans: 10 higher December meal: 4.00 higher December soyoil: 40 higher December corn: 3 3/4 higher December wheat: 4 1/4 higher Prices opened as called with yet higher moves attained for beans and soyoil as the technically motivated rally continues. Grains seemed to lag the pace a bit, as strong price action continues. Strong export demand and concerns over western Corn Belt dryness continues. However, it is the demand element from China for both corn and beans that provides the underlying support. Soyoil continued to gain on meal prices, while beans gained on corn. Supportive export sales helped to spur fund buying, but so did positive technical chart signals. S...
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.