Last week we reported that all the volatility to the dairy market since COVID has led dairy producers to seek reforms to the Federal Milk Marketing Order (FMMO) system. It would appear that the milk market troubles are not over as there have been a number of media reports in the past week about milk dumping by dairy farmers. News headlines like this haven’t been seen since the early stages of the COVID pandemic in March and April 2020. While every month there is at least some milk dumped, that small volume remains fairly consistent month-to-month and year-over-year. In fact, the long-term average for July back to about 2015 (including 2020, as the dumping that year was short-lived) has been remarkably consistent at around 45 mi...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.