SPREADS July crush trades down to 60c/bu while oilshare sits at 40.19%. Spreads are a touch weaker today as funds book profits. July/Nov bean inverse trades to 1.89 1/4c from 1.92 1/2c, though the May/July inverse trades higher to 12 1/2c from 11 3/4c. July/Dec meal trades from $30.40 to $31.40. July/Dec corn inverse trades from 65 3/4c up to 68 1/2c. May/July corn trades from 16 1/2c inverse down to 15 1/2c. July wheat/corn trades from 84c down to 80c. May/July soyoil trades down 8 pts to 2.95 from 3.19. May/July wheat trades from 5 3/4c inverse to 4c. PALM OIL June palm oil down 54 ringgits at 3.869 ringgit/mt. Malaysia's AmSpec estimated palm oil exports for March 1-25 at 1.0...
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.