SPREADS First notice day for November contracts is tomorrow, with the NOv/Jan trading out to 15 3/4c in the pm session. Jan/March beans go with the flow weakening out to 13 1/2c from 12 3/4c. Dec/March meal trades from $6.20 to $6.30. Dec wheat /cron trades from 1.21c to 1.23 1/2c. PALM OIL Dec up 86 ringgits, up 3% to hit an 18-month high, as funds in China purchase the market. Chinese open interest for this ctr is at record highs. Malaysia economic minister suggested that Indonesian palm oil supplies are not enough to cover India's shortfall, and predicted that India's boycott of palm oil will be short-lived. NEWS Stocks are slightly firmer to begin the morning trade...
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.