SPREADS July crush trades to 61c/bu while oilshare trades to 39.11%. July/Nov bean inverse firms to 1.88 3/4c from 1.82 3/4c, while May/Jul inverse trends down to 12 1/2c from 13 3/4c. July /Dec meal trades from $34.90 inverse from $32.60. July/Dec corn trades from 68 1/4c down to 65 1/2c. May/July corn inverse trades to new highs at 19 3/4c from 18 3/4c. May wheat/corn trades from 68 3/4c to 70 3/4c. PALM OIL June up 113 ringgits/mt, trading higher finishing at 3.837 ringgit/mt. Intertek estimated exports over the March 1-20 period at 734,463 mt, up 5.2% vs. the Feb 1-20 period. NEWS Stocks are down 45 pts with crude oil prices weaker trading to $60.39/barrel. The US dollar t...
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.