SPREADS Jan crush trades at 83.46c/bu while oilshare trades to new highs at 34.0%. A good harvest pace over the weekend finds spreads a touch weaker, with Dec/March trading out to 9 3/4c from 9c, and highs of 8c. Dec19/Dec 20 trades from 16 1/4c out to 18 1/2c, closing near the lows. Dec wheat/corn trades from 1.26 1/4c to 1.27 1/2c. Nov/Jan bean spread trades from 11 1/2c out to 13c, while Jan/March trades out to 13c from 12 1/4c. Dec /March soyoil spread trades from 48 pts to 50 pts. Dec/March wheat trades into 5 1/2c from 6c. PALM OIL Jan palm oil closed up 70 ringgiits, finishing at 2,532 ringgit/mt. Malaysian government data released shows Sep palm oil exports were off 9.3% from year ago.&nb...
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.