THE OPEN November beans: 1/2 higher December mela: .20 higher December soyoil: 8 lower December corn: 2 1/4 lower December wheat: 4 1/2 lower The markets opened as called with more end-of-month profit-taking and long liquidation as harvest accelerates. Funds sold corn into good pricing activity despite another sales announcement this morning, which opened the door to mixed trade. Buy grains/sell soy trade became a theme of the day into the noon hour, as prices reversed course higher from lower for corn and wheat. At 10:00, export inspections are as follows: beans: 1,211,733 tmt vs. 1,379,971 tmt wk ago corn: 806,639 tmt vs. 765,589 tmt wk ago wheat: 563,427 tmt vs. 503,03...
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.