The December WASDE will be released tomorrow, December 10 at 11:00 Chicago time. This provides industry estimates on what to expect. Typically this is a minor report since it will not update US crop production numbers and only focus on the demand side of the balance sheet in addition to world numbers. Consequently, expectations do not include any material changes for US carryout or SAM production, and only a minor reduction in world wheat stocks to reflect a smaller Australian wheat crop. DJ December World Grain, Soybean Stockpiles Estimates -- Survey World Stockpiles (million metric tons) 2018-19 Average ...
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.