SPREADS March crush trades to 1.04c/bu while oilshare weakens to 32.96%. The Jan/March bean spread trades back out to 4c-4 1/2c carry, while Jan/March meal inverse trades from $3.20 to $2.60. July/Dec corn inverse trades from 16 3/4c to 18c. March/July corn trades from 2 3/4c carry to 4 3/4c. March wheat/corn trades from 1.74 1/4c to 1.78c. PALM OIL Feb. up 12 ringgits, with cash offers up $5/mt. NEWS Stocks are 100 higher with the major feature of a weaker US dollar which trades down to 89.79, and higher crude trading up to $48.59/barrel after yesterday's Fed remarks. CALLS Calls are as follows: beans: 2 1/2-3 higher meal: 90-1.00 higher soyoil: 5-10 higher corn: mixed/lower...
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.