SPREADS Jan crush trades to 1.07c/bu while oilshare trades to 32.87%. Dec/March corn trades to 4 1/2c from 6c, while Dec/Dec trades from a 14c inverse up to 17 1/4c. March corn open interest now stands at 834,775 vs. Dec at 240,433 contracts. Jan meal open interest is 74,649 contracts vs. Jan at 127,433. March bean open interest stands at 235,291 vs. Jan at 335,836. Jan/March beans trades from 2c inverse to 3/4c. Dec/March meal trades from $4.50 up to $5.50. Dec wheat/corn trades from 1.66 1/2c to 1.67 1/2c. PALM OIL Palm oil prices are a bit lower due to poorer export numbers that were released. Malaysia's palm oil exports through Nov 1 -20 period are estimated to be do...
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.