THE OPEN March beans: 5 1/2 lower March meal: 4.60 lower March soyoil: 38 lower March corn: 1/2 lower March wheat: 1 1/2 higher The markets opened as expected with wheat futures turning sharply higher after the open, eventually setting a new contract high above its recent sideways trading range. There was not a particular reason for the wheat rally, other than in its attachment to higher prices elsewhere on the board. Strength in wheat set the tone for new contract highs in corn and beans. The settlement of the strike in Argentina had little impact on prices overnight with minor downside price action, a foreshadowing of firmer prices to come. Argentina did receive some...
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.