THE OPEN March beans: 7 lower March meal: 1.00 lower March soyoil; 52 lower March corn: 3 3/4 lower March wheat: 8 1/4 lower The markets opened lower as expected as a macro-day of selling across-the-board takes place due to the continuing spread of the Coronavirus. The markets are having to grapple with the notion that the virus is impacting travel and consumption, which may lead to slower economic global growth. According to one analyst, China stated that their GDP may fall below 6%, which would be the slowest growth in a decade. Ag Sec. Perdue stated that the virus may impact the trade deal. Net-net, prices saw a further escalation to the downside as sell-stops were trigger...
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.