GOOD MORNING, Prices continue to work into trading range territory, with current precipitation taking us down towards trading range lows encouraged by the thinking that Monday's crop ratings are only going to improve. Having been so low in terms of condition ratings, perhaps there is nowhere to go but up from here. A reversal would require a persistent stretch of hot and dry weather over an extended period of time. With charts turning sideways, those in need of pricing have turned more patient. Yesterday, the amount of commercial buying activity in corn and meal was not as dense as in previous sessions, which allowed the fund selling to take both markets into deeper losses than expected. This mor...
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.