Although global vegetable oil prices have moderated from their peaks this past spring, they remain substantially elevated above historic values. However, certain deviations have begun to occur between the oils, with some returning to more traditional relationships and others acting more anomalous. Malaysian palm oil is typically the lowest priced option and it has climbed over 35 percent in value since its trough in June, which has helped drag the value of other oils higher. More recently, the value of Russian sunflower oil has been falling, losing 25 percent of its value since April, and recently dipping briefly below Malaysian palm oil. Ukrainian sunflower oil has concurrently declined in value but remains priced at around $200/MT...
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.