THE OPEN November beans: 15 higher December meal: 4.40 higher December soyoil: 10 higher December corn: 9 lower December wheat: 2 lower The markets opened with a more negative slant for grains vs. positive for soy. Beans gained on wheat, while wheat gained on corn. Oen measurement gaps in corn seemed to dominate trade with a resumption in fund selling post open. Funds continue to liquidate bull positions, with the contracts having the most length seeing the most weakness, i.e. corn and soyoil. STORIES Chinese farmers are expected to increase planting this year reacting to high prices, a trend that the gov. hopes will curb imports into 2022. THe expansion would c...
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.