SPREADS May crush trades lower to 57.98c/bu while oilshare trades to 38.47%. July/Dec bean inverse trades up to 1.79 1/4c but closes at 1.71c with a 1.69c low, with May/July trading from 18c to 15 1/4c. July/Dec meal inverse remains weak, trading down to $33.40 from $38.30. July/Dec corn congests from 52 1/2c to 58 1/2c, while May/July trades to 11 /2c from 13 1/4c. PALM OIL May up 142 ringgits ending at 3.883 ringgit/mt. The sharp rise in vegoil prices were attributed to attacks on Saudi oil installation facilities. NEWS The stock market is 50 pts lower with the passage of a stimulus bill factoring in all the good news, and the fear of rising interest rates is at work. The US dolla...
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.