THE OPEN May beans: 8 higher May meal: .30 higher May soyoil: 1.25 higher May corn: 3/4 lower May wheat: 2 lower The markets opened as called with the soy complex rebounding off its low pulling corn higher. Wheat futures continued lower as funds sold as a hedge against length elsewhere on the board. Wheat prices continued to head lower during the session breaking into new lows. Wheat weakness was the dominating trend into the numbers against a higher soy complex trade. At 11:00 the report was as follows: QUARTERLY STOCKS (million bushels) 3/1/21 Avg High &nb...
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.