SPREADS August crush trades up to 84c/bu while oilshare prices trades to 46.89%. Spreads are firmer with Jul/Nov bean inverse strengthening up to 1.28 1/4c from 1.22c. July/Dec meal remains at a carry from what was an inverse, trading from $4.00 to $6.00. July/Dec corn inverse trades to 71 3/4c low, but ends close to its high at 79 1/2c. Sep/Dec corn inverse firmes up to 21 1/2c from 18 1/4c, and could be a potential purchase. Dec wheat/corn trades from 91 3/4c up to 95 1/4c. PALM OIL August palm oil continues its fall, down 191 ringgits lower at 3,858. The weakness in palm created a lower soyoil price, which in turn weighed on beans. NEWS Stocks are slightly firmer this morning with crud...
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.