SPREADS Sep. crush trades to 88c/bu while oilshare moves to 32.60%. Spreads are slightly firmer with July/Dec corn trading into 14 1/4c from 14 1/2c, with July/Sep trading into 4 3/4c from 5c. July/Dec meal widens out to $9.20 from $8.70. July wheat/corn trades from 1.89 1/4c to 1.90 1/4c. July/Nov beans trade out to 8 1/4c from 6 1/2c. July /Dec wheat trades from 12 1/2c to 13c. PALM OIL Up 5 1/2% to one-month highs on continuing better relations with India, one of its largest buyers. AmSpec Malaysia forecast palm oil exports for the May 1-25 period at 1.014 mln mt, up 5.1% vs. 965,025 mt in April 1-25. June cash offers for RBD palm oil and olein both traded $30/mt higher Wed., ending at $...
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.