SPREADS August crush trades to 85.47c/bu while oilshare firms to 32.88%. July/Dec corn trades to 13 1/2c from 14 1/4c as July contracts continue to get rolled forward this week. Most of the open interest is going to Dec corn. July/Sep corn trades from 4 1/4c to 4 3/4c. July/Nov beans trade weaker from 11c to 12 1/2c. July/Dec meal trades out to $9.10 from $8.50. July /Dec wheat trades from 14 1/2c out to 15 3/4c. July wheat/corn trades from 1.83 1/2c down to 1.79c. PALM OIL Holiday NEWS Stocks start the day up 232 pts with crude oil values trading to $40.44/barrel before breaking lower. The US dollar weakens to 96.71. CALLS Calls are as follows: beans: 1/2-1 lower me...
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.