SPREADS Sep crush firms to 95c/bu from 92c/bu yesterday with a bounce in oilshare up to 31.19%. Dec/March corn trades from 8 1/4c to 8 3/4c, while the Dec/Dec inverse drops to 10c from 12 3/4c. Sep/Dec meal trades from $4.50 to $4.80, while Sep/Nov beans trades from 11 3/4c from 12. PALM OIL - Palm oil export estimate data released after the market closed Monday showed exports up 3.2% for July 1-20, providing some support. Palm oil closed 1% higher today. NEWS The stock market opened higher with the US dollar trading to a 2-month high following the budget deal announced yesterday. STORIES Chinese bean buying looks as though it is tied to concessions on Huawei and world values where US beans out of t...
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.