SPREADS October crush trades to 74.71c/bu while oilshare trades to 34.58%. Dec/Dec corn trades from 24 1/2c to 25 3/4c, while Dec/March trades from 10 1/4c to 10 1/2c. Dec/March wheat trades into 8 1/2c from 8 3/4c. Nov/Jan beans trades from 4 1/4c to 5c, while Dec/March meal trades from $1.90 to $2.40. PALM OIL Nov. down 59 ringgits. Analysts are forecasting August palm oil production around 1.84 mmt, up 2.0% vs. July's output, and ending stocks are 1.790 mmt, up 5.5% vs. the prev. month. August exports are forecast down 14% to 1.53 mmt. NEWS Stocks are up 200 pts with crude oil firmer at $37.69/barrel. The US dollar trades lower to 93.28. CALLS Calls today are as follows:...
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.