SPREADS August crush trades to 78c/bu while oilshare trades down to 45.23%. Spreads are firmer with the July /Nov bean inverse trading up to 83 3/4c from 70c, and Sep/Dec meal trading from a $5.80 carry out to $7.20. July/Dec corn inverse trades from 76 1/4c low up to 86 1/4c, while Sep/Dec corn trades from 19 1/2c inverse to 24c. Dec wheat/corn trades from 89c up to 1.07c. PALM OIL August crude oil palm down 285 ringgits ending at 3,378 ringgit/mt. India's Solvent Extractor's Association estimated May palm oil imports at 769,602 mt, an increase of 92% vs. yr ago. NEWS Stocks are down 40 pts with crude oil continuing to firm trading up to $71.75/barrel, and the US dollar down to 90.43. CALLS...
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.