Chinese Government Likely to Raise the Purchasing Price for Corn Recently, market discussions suggest that the Chinese government is likely to raise the 2012 corn purchasing price by about $15.87/MT from the past year's $326.98-330.16/MT. The government has raised the purchasing price by over $92/MT between 2007 and 2011 to encourage farmers to grow the crop.It is projected that we will see great regional differences for corn quality, with the north crops much better than the ones in the northeast. The corn harvest in northeast China will be delayed for about seven to 15 days due to unfavorable weather conditions. Serious typhoon Bolaven caused large-scale lodging of corn crops along China's northeast Corn Belt. Shortly afterwards, success...
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.