SPREADS Corn spreads remain strong vs. weaker bean spreads. Dec/Dec corn narrows into 18c from 19 3/4, while Dec/March firms to 8c from 8 1/2c. Bean spreads trade slightly weaker but have also narrowed, with Nov/Jan trading from 3c to 3 1/2c. Jan/March bean inverse is a steady 5c-6c. Dec wheat/corn trades from 1.81 1/2c to 1.82 3/4c. Dec/March meal trades from $5.50 inverse down to $4.10. Nov crush trades 91.76c/bu while oilshare firms to 32.77%. PALM OIL Dec. palm closed 67 ringgits higher after falling 8.3% this week. NEWS Stocks are down 119 pts with crude oil trading up to $40.64/barrel. The US dollar firms to 94.61. CALLS Calls today are as follows: beans: steady/firm meal: ...
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.