THE OPEN May beans: 16 higher May meal: 5.70 higher May soyoil: 24 higher May corn: 1 lower May wheat: 3 higher The markets opened as called with weaker grains following the soy complex in its opening rally high. Prices broke lower on the day in reversal trade, with major levels of support tested after a strong open. Buy bean/sell corn and wheat trade was the feature, while meal briefly gained on soyoil. Negative seasonals and fund liquidation weighed on price action. As we approach the March 9 WASDE report, would look for more guesses for SA acreage as well as US estimates. FC Stone forecast the bean crop in Brazil at 133.48 mmt, vs. 132.77 mmt last month. They foreca...
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.