SPREADS Jan crush trades to 95c/bu while oilshare continues to adjust lower trading down to 33.78%. Feature of the morning are spreads, which are weaker today as the Goldman roll nears completion. Dec/March corn, which had narrowed into 7 3/4c, found bear-spreading interest and is now trading out to 9 1/4c. Dec 19/Dec 20 trades from 22c-23 1/2c. Dec/March wheat trades from 4 3/4c to 5 1/4c. Dec wheat/corn trades from $5.30 out to $5.60. Dec/March meal widens out to $5.60 from $5.30. PALM OIL Down 19 ringgits, closing lower for the second day in a row after starting out the PM session higher. NEWS The Dow is off 85 pts with crude oil weaker trading down to $56.20/barrel. ...
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.