A few years ago, Canada was expected to become a larger producer of soybeans. A warming climate together with improved seed traits, including Roundup-Ready,were to bring the Canadian farmer a new choice for profitability. But production of soybeans peaked in 2017 and is now in decline, as is the output of corn and canola. The reasons include weather conditions but also profitability. Instead, Canadian farmers have boosted their production of a traditional crop - wheat. Soybeans and other crops could return to compete with wheat, especially if the climate continues in a direction favorable for the warmth and better moisture demanded by other grains and oilseeds. But for now, wheat is a good crop to grow. ...
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.