Today’s trading opened like a continuation of the day before. Wheat corn and soy all opened lower with just the livestock complex in a more bullish mood. However, by the end, most contracts ended the session in the plus column with the exception being soymeal. The mood seemed to be a continuation of profit-taking off amidst over-bought conditions. The turnaround later in the session was modest at most. Only the livestock complex and soyoil appeared to hold positive throughout most of the day. At this juncture, there are no new emerging fundamentals to provoke anything large. The weather patterns remain consistent. There is a chance for some showers in otherwise parched southern Brazil (Parana, Santa Catarina, Rio Grande do Sul), but...
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.