SPREADS July crush trades up to 61.86c/bu while oilshare trades to 38.33%. Goldman Roll begins today. May/July bean inverse trades down to 5 1/4c from 6 1/4c while July/Nov trades from 1.30 1/2c to 1.35 1/2c. May/July corn trades from 15 1/4c down to 14 1/4c, while July/Dec trades from 60c to 61 1/2c. July/Dec meal inverse rallies to $18.50 from $17.90, and a break that was around $12.50 yesterday. May/July Chicago wheat trades into even. PALM OIL June down 57 riniggits, ending at 3,788 ringgit/mt. NEWS Crude oil breaks to $59.05/barrel with the US dollar falling to 92.23. Stocks are 23 pts. lower. Workers filing for jobless claims rose to 744,000 last week, pausing a downtren...
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.