SPREADS July crush trades to 57c/bu while oilshare trades to 29.25% in correction mode. July wheat/corn trends lower, placing a trade at 88c from 96c. The trend of this spread is lower targeting 50c. May/July corn trades from 13 3/4c down to 11 1/2c, while July/Nov inverse trades from 1.73c down to 1.69c. July/Dec meal trades from $31.30 inverse to $29.00. July/Dec corn trades weaker down to 64 1/4c from 66 3/4c, while May /July strengthens to 16 3/4c from 15 1/2c. Nearby firm corn spreads remain a feature of trade right now. PALM OIL June palm oil trades down 141 ringgits to 3,796 ringgit/mt. NEWS Stocks trade both sides of unchanged with crude oil trading down to $63.33/barrel, and the...
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.