SPREADS Dec crush trades to 77.83c/bu while oilshare is back below 33% to 32.96%. Corn spreads weaken with Dec/March trading out to 11 3/4c from 11c, and Dec 19/Dec 20 corn back out to 19c from 16 1/2c. Dec wheat/corn trades from 1.14 1/4c to 1.16 3/4c. Dec meal trades from $6.20 to $6.30. Nov/Jan beans trades from 14c to 14 3/4c while Jan/March trades from 10 3/4c to 11c. PALM OIL Dec up 46 ringgits. Malaysian cash offers +10/mt higher, following Chicago performance yesterday. NEWS Equities are lower, down 50 pts, on more geopolitical tensions between Washington/US which could threaten to derail the trade war initial phase one. Crude oil trades down to $52.51/barrel, with 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.