SPREADS July crush trades to 87c/bu while oilshare moves back below 31.0% to 30.85%. July /Dec corn trades to 18 3/4c from 18 1/4c, while May/July trades from 7c to 7 3/4c. July/Nov beans trades from 4 1/2c back out to 7c, and vs. values closer to even last week. July/Dec meal trades from $3.80 to $4.80. July wheat/corn trades from 1.93c to 1.96 1/2c. PALM OIL July down 106 ringgits, or down 5% Monday, snapping 3 straight session gains on forecasts of higher April inventories and weaker crude and soyoil futures, sitting at 10-month lows. NEWS More trade tensions arise from concerns that Trump may apply new tariffs and put the trade deal in jeopardy. Stocks are down 245 pts and...
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.