According to Rusagrotrans, 1.52 MMT of grain will be shipped from Russian seaports during November, a drop from the 1.7 MMT previously forecast and less than the 1.653 MMT in October. Russian Grain Markets Harvest Update 108.1 MMT of grain (in bulk weight) were harvested from 43.9 million hectares (99 percent of the target) as of 24 November 2015 compared with 110.1 MMT from 43.8 million hectares as of the same date a year ago. Specifically, 63.9 MMT of winter and spring wheat were produced from 25.5 million hectares (99.8 percent of the target) as were 18.3 MMT of barley from 8.2 million hectares (99.9 percent of the target) and 12.4 MMT of corn from 2.4 million hectares (88.5 percent of the target). Also harvested were 9.4 MMT of sunfl...
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.