SPREADS Oct. crush trades to 92.58c/bu while oilshare trades to 34.90%. Sep/Dec corn spreads remain extremely active with large volumes. Sep/Dec corn trades into a new contract low of 15c, while Dec/March trades out to 12 3/4c to 12 1/2c. Have to go back to early June to see spreads trade this weak. Dec/Dec corn trades out to 35 3/4c. Sep/Nov bean trades into 1 1/2c from 2 1/4c, while Nov/Jan trades from 6c to 6 1/2c carry. Dec wheat/corn trades from 1.83 1/4c down to 1.77 1/2c. PALM OIL Oct. up 28 ringgits, up 1.8%. Indonesia's finance ministry stated they may increase palm oil export taxes in the future, as a means to support the country's biodiesel program. Taxes collected on...
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.