Prices continued decreasing in the European part of the Russian grain market. This was especially true for barley and wheat, although the causes were somewhat different. Meanwhile, a different trend dominated the Siberian wheat market. Russian Grain Markets Planting Update Spring crops were planted on 51.9 million hectares (100.1 percent of the target) as of 22 June 2015, including grain crops on 31.1 million hectares (100.2 percent of the target). Spring wheat was planted on 13.4 million hectares (101.6 percent of the target), spring barley on 8.3 million hectares (101.4 percent of the target) and corn on 2.7 million hectares (95.6 percent of the target). Sunflowers were planted on 6.8 million hectares (102.9 percent of the target), spr...
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.