Wheat Argentina’s wheat planting is 97 percent complete across the 6.5 Mha to be seeded. Weather conditions have been unfavorable recently with no rain and frosts causing wheat conditions to deteriorate. The good/excellent rating fell 7.4 percent from last week to 47.6 percent while moisture conditions fell from 64.9 percent good/optimum to just 56.6 percent. The new data means 43 percent of the crop is growing under normal or dry conditions. Fortunately, the crop is just starting its development and weather is not critical for the current growth stage. Consequently, it is far too early to speculate on yield losses or any other impacts on the final crop. However, the market needs to closely watch rainfall patterns in the...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.