SPREADS July crush trades higher from lows of 75c/bu to 85c/bu with oilshare just under 31.0% to 30.91%. July /Dec corn trades into 13 1/2c from 14c while May/July wheat trades from into 13 3/4c from 14 1/2c. July /Nov beans trades from 5 3/4c to 6 3/4c. July wheat/corn trades from 1.83c down to 1.79c. July/Dec meal trades into $4.70 from $5.10. PALM OIL Malaysian cash offers for June delivered RBD palm oil and olein traded down $2.50 /mt lower at $517.50/mt and $520.00/mt, respectively. NEWS Stocks are down over 245 pts. as more global concerns about economies continues. More than 2.9 mln workers applied for unemployment benefits last week, with 36.5 mln total applications in two months of th...
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.