GOOD MORNING, Prices traded to new trading range highs on the weekend storm that damages immature crops and ultimately reduces production. This weather event, combined with the first official announcement of a negotiated US/China trade package of some sort, gave the bull a lot to munch on, with more bears still running to the exit signs. The so-called "Phase 1" of a broader deal included "intellectual property, financial services, and big ag purchases, for the US side, in exchange for a delay in the latest round of US tariffs. A limited currency pact was also included, with US Treasury Sec Mnuchin saying the department and administration will make a decision whether to rescind China's currency manipulation designat...
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.