THE OPEN Jan beans: 2 1/2 higher Dec meal: .20 higher Dec soyoil: 12 higher Dec corn: 2 1/2 lower Dec wheat: 5 1/2 lower The markets traded on a mixed note as called, with profit-taking in oilshare and follow-through for lower grain trade led by wheat. Volumes were small, as technical trading activity dominated. The stock market had the largest reaction in terms of trade negotiation chatter, while the bean market seemed to trade with a healthy dose of skepticism. The Dow set a record high as China's Commerce Ministry released a statement over the weekend confirming that some parts of the US/China trade agreement has been signed. Progress this weekend included China lifting a ban on the importa...
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.