SPREADS August crush trades to 78c/bu while oilshare trades to 45.60%. July/Nov bean inverse drops to 1.43c from 1.49 1/4c, and from highs that were over 2.00c. Jul/Dec meal trades from a small inverse of $1.40 out to small carry. July/Dec corn trades from 95 1/4c to 92c. Spreads are seeing pressure as July contracts are slowly rolled forward or liquidated. Sep/Dec corn trades from 16 1/2c inverse to 15 1/4c. July wheat/corn trades from 7 1/4c to 13c. PALM OIL August down 27 ringgits, closing at 4,131 ringgit/mt. Indonesian authorities have yet to decide on whether to cut their crude palm oil (CPO) export levy as the levies remain at the highest for five months in a row, hurting deman...
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.