THE OPEN: Nov beans: 3 3/4 lower Dec meal: 1.10 lower Dec soyoil: 2 higher Dec corn: 7 lower Sep wheat: 6 3/4 lower A combination of slightly improved forecasts and technical selling sent prices to new lows for the recent move down (which actually started Monday night), triggering sell-stops along the way. Funds were net sellers around the board, with small buy soy/sell grain trade. Funds entered the day long an estimated 138K corn and 40K wheat against a net short in the soy complex. The soy complex values recovered during the session as shorts also elected to cover in part of those positions as well. SOY Beans, meal, and soyoil were lower today, but it was s...
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.