In his address to Congress this week, President Biden laid out two major initiatives, the American Families Plan and the American Jobs Plan. According to a White House fact sheet, the costs of those two items is $1.8 trillion and $2.5 trillion respectively. They would come on top of $5.984 trillion in COVID relief packages already passed by Congress. The sum total, were the Biden plans to pass, would be $10.284 trillion. Just to put some context on this, according to Purdue University, a bushel of corn has about 90,000 kernels of corn in it. If corn kernels were dollars, a bushel of corn would be $90,000 (which makes $7 per bushel corn look bearish), 10.284 trillion corn kernels would be the equivalent of 114.275 billion bushel...
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...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
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.