SPREADS Dec crush trades down to 78.68c//bu while oilshare is 33.10 percent. Nov/Jan beans trade from 13 1/2c to 14c while Dec/March meal trades from $5.20 out to $5.30. Dec/March corn trades from 11 3/4c out to 12 1/4c while Dec 19/Dec 20 trades from 18c to 20c. Dec wheat/corn trades from 1.04 1/2c to 1.06 3/4c. PALM OIL Up 11 ringgits. China back tomorrow from holiday, otherwise few fresh inputs here. Exports were tremendous in August, slowed down in Sep., and are not much better for the month of October so far. NEWS The Dow is down 50 pts with the US dollar breaking lower to 98.74 and crude oil prices placing a new high at $53.71/barrel. CALLS Calls are as follows: beans: steady me...
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.