GOOD MORNING, Prices are lower across the board this morning as a risk-off sentiment pervades trade due to the spread of the Coronavirus. A WHO report put worldwide COVID-19 infection cases at over 79,300 across 30 different countries, with deaths rising to 2,619. More cases were reported from South Korea, Italy and Iran, which have prompted fear as more human to human transmissions arise in different global areas. The Dow is off over 760 pts. as reports of cases outside China triggered sharply lower prices in Asian and European shares. Soyoil futures are sharply lower following losses in palm oil. The Agricultural Outlook Forum data last week was neutral to bearish corn; bullish for wheat and beans. Th...
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.