USDA will release its October crop production updates and WASDE revisions Thursday at 7:30 a.m. CT. There is little question that most -- maybe all -- eyes will be focused squarely on the U.S. soybean production estimate. The second focus will immediately shift to the U.S. soybean supply and demand revisions. The corn and wheat numbers will take a backseat to soybeans this week. Here are some things to look for.Soybeans: The soybean market has been gearing up for a bearish report almost since the day the soybean harvest got underway and yield reports across the Northern Plains were better than expected. Those better yield expectations extended into Minnesota and parts of Iowa. The result has been a massive sell-off in the entire soy compl...
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.