SPREADS May crush trades higher, up to 1.01c/bu, while oilshare moves to 25.36%. March ctrs will begin to get rolled forward starting this week. Corn spreads are weaker with July/Dec moving back out to 2c carry from even. July/Nov bean spreads trade from 12 1/2c to 13 1/4c. March/May meal trades out to $5.80 from $5.60. March wheat /corn trades from 1.84c down to 1.77 3/4c. March/May wheat trades from 3 1/4c down to 2 1/2c inverse, losing steam throughout the morning. PALM OIL April up 48 ringgits, its highest level since Jan 24. Palm has rallied 9% this week, as expectations of tight supplies outweighed the Coronavirus fears. Asian palm oil extended its gains following higher p...
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.