SPREADS May crush falls to 91.94c/bu while oilshare is lower, trading down to 31.38%. Spreads weaken with July/Dec corn trading out to 4 3/4c from 3c, and March/May down 1 1/2c from 3c inverse. July/Nov beans trades to 7 1/2c. July/Dec meal trades out to $4.80 from $3.70. May wheat/corn trades at 1.36 1/2c. PALM OIL Malaysian cash offers down $32.50/mt NEWS Global stock markets are lower as crude oil prices trade below $30/barrel as Saudi Arabia, and Russia are locked in a price war as both attempt to defend market share. Crude trades to new lows at $27.34/barrel, while the US dollar trades to 94.72. CALLS Calls are as follows: beans: 17-19 lower meal: 3.80-4.00 lower soy...
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.