SPREADS August crush trades lower to 83.37c/bu while oilshare firms to 32.80%. Corn spreads weaken with July/Dec trading out to 16c from 15 1/4c, while July/Sep weakens to 6c from 5 1/4c. July /Nov bean trades out to 12 1/2c from 11c. July/Dec meal trades to $9.50 after trading out to $10.00. July wheat/corn trades from 1.77 3/4c to 1.83c. PALM OIL August down 37 ringgits. Palm oil stocks posted a surprise drop as of end-May production eased for the first time in 4 months. Stockpiles fell to 2.03 mln tons from 2.04 mln tons. NEWS Stocks were up 40 pts in the early going, with the US dollar trading down to 95.97. Weaker energies weigh a bit on corn and soyoil, with...
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.