THE OPEN July beans: 8 lower July meal: 2.50 lower July soyoil: 54 lower July corn: 3 lower July wheat: 10 1/4 lower Prices opened lower with more position-evening into the first hour or two of trade. The catalyst for bean trade was sharply lower soyoil, which followed weaker palm, rapeseed, and canola prices and triggered more profit-taking in oilshare. Nearby corn spreads popped back with July corn trading higher. Technically speaking, November beans filled its gap and then some, while Dec corn backed into its gap as well, signaling more consolidation trade ahead. Cash markets are trending slightly weaker. User end-pricing on the break is routine, as buyers have seen...
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.