GOOD MORNING, It's a new year as fund buying activity propels prices to new contract highs on continuing concerns over South American production levels. Argentina is the focus as the drying trend shows few signs of letting up. Brazil's weather pattern did not change much during the holiday, and they remain in slightly better shape. Argentina's announcement last week that they would stop corn exports served to heighten concerns that more countries are going to do the same, going into protective mode to ensure adequate supplies for domestic use. The January WASDE is around the corner, and in lieu of continuing drought challenges the current USDA numbers in December's report for SA production are probably too high. So...
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.