USDA made a small reduction in ending stocks of U.S. wheat by 4 million bushels to 794 million but are 14 percent above last year. The season-average farm price is unchanged at $5.55 per bushel. The projection for global wheat ending stocks for 2024/25 was lowered 1.3 million tons to 257.6 million, on a reduction for China that is only partly offset by increases for Russia, Kazakhstan, and Ukraine...
What You Need to Know Today: Attention is turning toward Friday's USDA WASDE report, with traders looking for updated corn and soybean production estimates and revisions to domestic and global supply-and-demand balances. The report could help establish a clearer direction for grain price...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e. lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the ma...
Key Takeaways: Lamb and goat tariffs protect market share, not prices. The flock is too small to respond quickly, and the burden depends on origin: 12.5 percent on Australia and New Zealand, reportedly 37.5 percent plus the base rate on China. Wool is most exposed via the export side. The U.S...
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.