SPREADS Spread trade consumed most of the volume in the last session. March corn was down 36,104 contracts with May up 23,638 contracts. March open interest declines to 373,184 contracts with May at 489,438 contracts. March bean open interest declines by 21,013 contracts with May open interest largest now at 275,417 vs. March at 211,131 contracts. May wheat has the largest open interest at 180,371 vs. 104,322 in March. May crush trades to 88c/bu while oilshare trades down to 34.18%. July/Dec corn trades from 2 3/4c to 3 3/4c. March/May wheat trades to a 3 1/4c inverse from 1 1/2c. July/Nov bean trades from 6c to 7 3/4c. PALM OIL Cash offers down $2.50/MT at $682.50/MT and $685.00, respectively. NEWS The Dow is...
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.