There was no unexpected export business around or any adverse weather forecast that could have been the cause. This would seem to be a good old-fashioned short covering rally ahead of next Friday's USDA reports that was led by some significant fund buying.Traders turned their screens on last night expecting to see lower openings ahead of this Friday's USDA reports and with what looks like generally good harvest weather ahead. That didn't happen. Instead, markets opened very strong, led by soybeans with wheat and corn a lengthy distance behind. By this morning, November soybean futures were trading 15-16 cents higher and bumping right up against last week's technical resistance at $9.30. They eventually traded as high as $9.43 and closed jus...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.